Orion Food Systems (Orion) and Land Mark Products (Land Mark) have signed a definitive merger agreement to create a leading and fully comprehensive foodservice company to serve convenience store operators.
Financial terms of the transaction, which is backed by an affiliate of One Rock Capital Partners, (One Rock), were not disclosed.
Founded in 1983, Orion is a manufacturer and distributor of food products as well as a provider of foodservice solutions to the convenience and specialty retail channels worldwide. The company supplies locations in the United States and abroad with a complete portfolio of foodservice solutions from ingredients to pre-made entrees and snacks under a variety of brands, including: Hot Stuff Pizza, Gourmet Grub, Chix Chicken, CHOPZ, Paavo’s Pizza, and Papa Primo’s Italian Kitchen. Orion is headquartered in Sioux Falls, South Dakota, with an additional facility in Kimball, Tennessee.
Land Mark is a manufacturer and distributor of pizza and sandwich solutions that has served the retail and foodservice industries since 1977. The company is a leading provider of pizza products to the convenience store industry, and has expanded its solutions into the grocery, private label, and other markets. Headquartered in Milford, Iowa, Land Mark manages the Piccadilly Circus Pizza and Day’N Night Bites brands.
“We are delighted to unite two longstanding businesses with such well-known brands in this strategic partnership,” says Frank Orfanello, Chairman of the Board of Orion. “As a combined business, we will be able to offer a tailored solution to meet the needs of convenience store operators, from turnkey foodservice franchises that include equipment and post-sale consulting, to custom-designed programs for distributors.”
Land Mark owners Jason Farrell and Randy Johnson will be investors in the combined entity alongside Land Mark founder Rod Simonson and One Rock. Messrs. Farrell and Johnson will also continue in their leadership roles as President and Chief Executive Officer and Executive Vice President of Finance and Distribution of Land Mark, respectively.
Farrell says: “Joining forces with Orion and expanding our geographic footprint will allow us to serve as a fully comprehensive one-stop-shop for convenience store operators of all sizes and locations. We are pleased to provide a broader offering of high-quality products and foodservice solutions to more customers across more markets.”
One Rock Managing Partner R Scott Spielvogel, adds: “We are committed to building the leading foodservice company serving the convenience channel, and the combination of Orion and Land Mark is a significant step forward in that journey.”