MDN: Monogram Foods Acquires Progressive Gourmet
“Memphis-based Monogram Foods has acquired Progressive Gourmet. The Wilmington, Mass.-based company bakes and supplies appetizers to chains like Marriott, Hilton Hotels & Resorts and Kroger.
Terms of the deal were not disclosed.
With the addition of Progressive Gourmet, Monogram now employs 2,600 people and has reached $600 million in 2016 revenue.
As a result of the acquisition, Monogram is looking hire 100 to 150 employees. Additional facility expansions are planned for throughout the year. Monogram owns eight manufacturing plants in seven states, all of which have been acquired over the past ten years.”