Sager Creek Acquisition completes acquisition of Allens
Allens Inc., a Siloam Springs, Ark.-based supplier of canned vegetables under its own brands and retailers’ store brands, announced that it completed the sale process approved by the United States Bankruptcy Court for the Western District of Arkansas to sell substantially all of its operations and assets to Sager Creek Acquisition Corp., an entity owned by investment funds managed or advised by Sankaty Advisors LLC and GB Credit Partners LLC. Allens will remain an independent Arkansas-headquartered food company.
Chris Kinser joins Allens as its new CEO, the company said. An accomplished food and consumer packaged goods industry leader, he boasts 26 years of progressive experience in sales, marketing, supply chain and general management assignments at leading food and beverage companies, including Campbell Soup Co., Diageo and Pinnacle Foods. He most recently served as president of AdvancePierre Foods.
“Chris is a veteran of the food industry with an accomplished track record, said Steve Glick, an executive vice president at Sankaty Advisors. “We are excited to partner with an executive of his caliber to lead the resurgence at Allens.”