Fryer manufacturer Henny Penny has announced it is acquiring fellow US catering equipment manufacturer Wood Stone, a provider of stone hearth cooking equipment.
Henny Penny said the pair’s combined reach will strengthen each brand and expand the knowledge base, global footprint and opportunity for market differentiation. The transaction is expected to close in the coming weeks.
“Wood Stone is one of the most highly respected brands in the foodservice equipment industry, and we’re big fans of the company’s products and its business philosophy and culture,” said Steve Cobb, chairman and CEO of Henny Penny.
“The two companies possess unique capabilities, yet have similar backbones; we’re both employee-centric organizations that grew through innovation and commitment to customer-driven solutions.”
By acquiring Woodstone, Henny Penny will add commercial-grade stone hearth ovens, rotisseries, planchas, charbroilers and tandoors to its portfolio.
Keith Carpenter, co-founder of Wood Stone, claimed the company had never considered a sale until it met and got to know Henny Penny.
“While our similarities are many, we’re convinced that our differences in scale, market reach and product technology can enhance the offerings and service we provide to our diverse customers and increase opportunities for our employees to learn and grow in this industry,” he said.
Wood Stone will continue to operate and manufacture out of its facility in Bellingham, Washington once the formalities have been completed.
The deal is unlikely to have little disruption on the UK supply chain as coincidentally both brands use Jestic as their exclusive importer.
Steve Loughton, managing director of Jestic, said that would continue to be the case as both brands will remain independent operating companies and honour their respective channels.
“This acquisition is an exciting time for all involved as both companies combine their extensive resources to create an even greater global presence in the market,” he said. “Jestic look forward to continuing to support both Henny Penny and Wood Stone with the distribution of their equipment throughout the UK.”