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Eagle Brand

American food manufacturer From Wikipedia, the free encyclopedia

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Eagle Family Foods Group LLC, doing business as Eagle Foods, is an American food company based in Cleveland, Ohio owned by private equity firm Kelso & Company. The company was founded in 2015 by Paul Smucker Wagstaff, formerly of The J. M. Smucker Company, after acquiring ownership of the canned milk brands formerly owned by Borden (Eagle Brand, Magnolia, Milnot, and PET).

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Eagle Family Foods' product line includes condensed and evaporated milk, popcorn, french fries, sweet onion sticks, and pasta dishes.

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History

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Gail Borden introduced the Eagle Brand in 1856 to develop a refrigeration and food preservation system, with its condensed milk as the flagship of the company. Then, Borden established his own company, Borden, Inc., one year later. In 1874, Eagle Brand became the first registered trademark in the then-British colony of Hong Kong. In East Asian markets (excluding South Korea), Eagle Brand products are currently produced by Nestlé.

The J.M. Smucker Company bought the canned milk business from Borden in 2007. Eagle Family Foods Group LLC was established after Paul Smucker Wagstaff left The J. M. Smucker Company in 2014 to carry on his own enterprise. Wagstaff partnered with his friend Jeff Boyle to acquire Eagle Brand from The J. M. Smucker Company. Private equity firm Kelso & Company negotiated the transaction and became their investment partner, and Eagle Foods was established in December 2015.[1][2][3]

In August 2016, Eagle Foods acquired the popcorn brand G.H. Cretors, derived from the Chicago-based manufacturing company Cretors established in 1885.[1]

On July 5, 2022, Eagle Foods acquired the Hamburger Helper and Suddenly Salad brands from General Mills for $610 million.[4]

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Products and brands

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Newspaper ad for Eagle Brand milk from 1922, describing how the child was raised on the milk while her father was away in World War One

Facilities

  • El Paso, Texas evaporated and condensed milk
  • Seneca, Missouri evaporated and condensed milk

Closed facilities These facilities produced Eagle Brand products under Borden Milk:

  • Ingersoll, Ontario Ingersoll Dairy originally supplied Borden's Eagle Brand Condensed Milk
  • Toronto, Ontario supplied Borden's Eagle Brand Condensed Milk in Ontario
  • Montreal, Quebec supplied Borden's Eagle Brand Condensed Milk in Canada
  • Chester, South Carolina supplied Cremora and Cremora Royale worldwide (except South Africa)

See also

References

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