Lee Delaney died Thursday, the company said. In the wake of his passing, chief administrative and financial officer Bob Eddy will serve as interim CEO.
The Socati Formulations division will offer a full concept-to-market service for companies building products with customized cannabinoid ratios and trendy functional ingredients.
Company has acquired Proteus Industries, a privately owned food technology company and ingredient supplier, focusing on clean label protein applications.
De Wafelbakkers, a leader in private label frozen pancakes, waffles and French toast, has been acquired by the equity firm behind Hungry Jack and Arrowhead Mills.
Even though private brands slightly underperformed expectations, its strong premium positioning and steady stock are big advantages moving forward, experts told Store Brands.
