LOS ANGELES – A California company has acquired a Reading-based distributor of food ingredients.
Platinum Equity, a Los Angeles-based investment firm, announced Thursday that it will merge Lentz Milling Company with JM Swank, an Iowa-based food distributor that Platinum acquired from ConAgra Foods in 2016.
Officials said the deal, terms of which were not disclosed, is a win-win for both companies.
"Lentz has been serving customers in the Mid-Atlantic and Northeast for over 75 years and has a well-earned reputation for quality service," said Shawn Meaney," JM Swank's CEO. "This will immediately expand our presence in the region and create a strong platform to grow."
To read the rest of the story, please go to: WFMZ-TV