Parker Products, a leading provider of inclusions and other specialty ingredients for the baking, dairy, beverage, confectionery, RTE and snack, and foodservice industries, is entering into a partnership with The Riverside Company. Riverside, a global private equity firm, will acquire Parker this month.
“The acquisition of Parker Products by The Riverside Group is an investment opportunity that will accelerate growth,” said Greg Hodder, president of Parker. “It will allow us to increase our capabilities and expand our product offerings. At the same time, we will still continue to offer our customers the same great service and intriguing ingredients we have always provided. For our longtime customers, the only change will be an increased capacity to meet their needs and offer them exciting new product possibilities.”