Two leading frozen vegetable companies in the northwestern United States, Twin City Foods and Smith Frozen Foods, have signed a non binding agreement to merge. While terms are still being finalized, the deal is anticipated to close in the second quarter of 2024 when post-merger operations will be
under a new parent company called TCF Holdings.
The partnership represents a strategic alignment of resources and capabilities to meet customer needs and market demand more effectively while supporting local farmers. The combination is expected to bring improved capabilities and efficiencies.
Stanwood, Washington-headquartered Twin City Foods, which has four facilities and employs approximately 600 people, has been in business for over 80 years. It specializes in growing and processing conventional and organic peas, corn, carrots, green beans and other vegetables.
Weston, Oregon-based Smith Frozen Foods, founded in 1919, offers frozen lima beans, green garbanzo beans, onions and mixed vegetables as well as peas, carrots and corn.
“This marks a pivotal moment for Twin City Foods as we take a significant step in the path of strategic growth that has been set for the organization,” said Dale Goyer, the company’s chief operating officer.
Smith Frozen Foods CEO Gary Crowder added: “We expect customers to benefit from the synergies that the two companies will realize through the combination.”
