Peak Rock-backed California Custom Fruits & Flavors buys Skjodt-Barrett CNI

California Custom Fruits & Flavors, an affiliate of Peak Rock Capital, said it acquired the Custom Nutritional Ingredients division of Skjodt-Barrett Foods. The unit will keep the Skjodt-Barrett Foods name and operate as a division of CCFF. Terms were not disclosed.

CNI has spent more than 40 years developing bar layers, fillings, bindings, toppings and icings for foodservice operators, brands and co-manufacturers. Peak Rock managing director Michael Graham said the combination of CNI and CCFF's expertise and footprint should support faster product development and better customer service.

CCFF CEO Doug Glade said the unit's quality reputation and customer focus make it a fit, adding capacity and capabilities for quick-service restaurant customers in North America. Skjodt-Barrett CNI president Guy Burton said the deal gives the business a platform for its next stage of growth. CCFF said it continues to seek acquisitions.