On April 7, GSF announced full ownership, control and management of both KanPak U.S. and KanPak China, through the acquisition of the outstanding minority interests. GSF has been a majority owner in KanPak China since 2012 and KanPak U.S. since 2013, comprising eight facilities and more than 800 associates worldwide. KanPak produces an array of aseptic dairy products, including soft-serve ice cream, smoothies, coffee creamers and extended shelf-life products.
Dennis Cohlmia, KanPak founder and chairman of the board, has opted to sell his remaining interests in the company to pursue other business opportunities.
“We appreciate Dennis and his family for their entrepreneurial spirit in establishing KanPak five decades ago, along with his knowledge and expertise of aseptic processing,” said Mark Wetterau, chairman and chief executive officer of Golden State Foods. “We are grateful for his insight and willingness to partner with Golden State Foods in recent years to expand the company’s product offerings and services throughout the world and take the company to the next level.”
Larry McGill will continue to serve as president and chief executive officer of KanPak U.S. He and his team will continue to grow the company to expand its products and services to best serve GSF’s customers in their growing markets.