WILDER, IDAHO — CTI Foods has acquired Liguria Foods, a Humboldt, Iowa-based producer of pepperoni, salami and other premium protein pizza toppings for pizzerias and sandwich shops. Financial terms of the transaction were not disclosed.
|Sam Rovit, president and c.e.o. of CTI Foods|
“We are excited to welcome Liguria to the CTI family, and we especially like that Liguria is the pepperoni of choice for many of the most discriminating, independent and multi-unit pizzerias in the United States,” said Sam Rovit, president and chief executive officer of CTI Foods. “It’s a good market to compete in, as pizza sales are growing at 3% annually and roughly half of all pizzas in the U.S. are ordered with pepperoni. The addition of Liguria’s high quality products is consistent with our commitment to growth by diversifying CTI’s differentiated protein offerings and broadening CTI’s distribution channels.”