Bayonne-based Kayco, the world’s largest supplier and distributor of kosher and specialty foods, has acquired Paramount Foods, a family-owned business with a long-standing legacy of delivering quality products in the Northeast, the company announced.
Kayco officials said the acquisition underscores the company’s commitment to expanding its portfolio and optimizing distribution in the Northeast.
A ninth-generation family business, Kayco is a global leader in kosher and specialty foods through its iconic brands, including Manischewitz, Kedem, Gefen, Heaven & Earth and Tuscanini, among others. By integrating Paramount Foods into its operations, Kayco strengthens its market presence and enhances its ability to meet the diverse needs of customers and retailers alike.
Both companies own and distribute these brands, so the acquisition extends the portfolio and distribution of the Paramount portfolio, according to Kayco Chief Sales Officer Harold Weiss.
“This acquisition reflects our vision to expand our assortment and further enhance our distribution network in the critical Northeast corridor,” he said, “By bringing Paramount Foods into the Kayco family, we’re not only broadening our brand offerings but also improving service levels and cost efficiencies for our retail partners.
“The Paramount portfolio will augment our current assortment on a global scale. This is a win-win for everyone involved.”
Kayco CEO agreed.
“We realize that there is a great opportunity for local distributors to shine,” he said. “Paramount has always prioritized the personal relationship side of the business, both with their vendors and their customers. The distribution business has shifted from brand building and partnering to logistical necessities. With this acquisition, Kayco is determined to bring the human element back into the mix.”
Longhill Township-based Paramount Foods was founded in September 2006 with the goal of providing bulk nuts, dried fruits, and grains to supermarkets in Northern New Jersey. Today, Paramount offers a wide array of natural and organic healthy snacks.
Paramount Foods owner David Carn said the acquisition is a logical next step for the brand.
“Paramount Foods has always been committed to delivering excellence, and I couldn’t envision a better partner than Kayco to take our legacy to the next level,” he said. “Their scale, expertise, and commitment to innovation will ensure that we can collectively achieve more — both for our customers and for the families who depend on us.”
