Michael Foods acquires Henningsen Foods from Kewpie

Post Holdings subsidiary Michael Foods has acquired Henningsen Foods from Japan’s Kewpie Corporation.

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Henningsen Foods, a producer of dehydrated eggs and other products, has been acquired by Michael Foods, a subsidiary of Post Holdings. (Michael Foods)
Henningsen Foods, a producer of dehydrated eggs and other products, has been acquired by Michael Foods, a subsidiary of Post Holdings. (Michael Foods)

Post Holdings subsidiary Michael Foods has acquired Henningsen Foods from Japan’s Kewpie Corporation.

Henningsen Foods is a manufacturer of value-added egg, meat and poultry products founded in 1889, and most recently was owned by Kewpie Corporation. Products made by Henningsen Foods include dehydrated eggs and meats used in sports nutrition, sauces and dressings, noodles and pet foods, along with other food ingredients. Headquartered in Omaha, Henningsen Foods operates three manufacturing facilities in Nebraska.

“The addition of Henningsen Foods’ capabilities and product portfolio will directly support the continued growth of our key food ingredient customers,” Mark Westphal, president of Michael Foods, said in a press release. “Their dehydrated poultry, beef and pork products also add a nice complement that will provide additional solutions for current customers.”

According to information on the Kewpie Corporation, on its website, stated that its medium-term business plan was to accelerate business development in the markets of China and Southeast Asia, and to reorganize and streamline production facilities in order to build an optimized business system for its egg businesses. Kewpie determined the best option for Henningsen Foods would be to sell it to a third party that can support its sustainable growth.

Minnetonka, Minnesota-based Michael Foods, the sixth largest egg company in the United States and the world’s largest supplier of processed eggs, was determined to be a good fit for those goals.

“After careful consideration, the company thought (Michael Foods’) robust business network and operating bases in and outside of the United States would contribute to the sustainable growth and improvement of corporate value of Henningsen Foods, and decided to transfer all shares of Henningsen Foods in order to strengthen its business under (Michael Foods,” Kewpie Foods said in a notice on its investor relations website.

The notice stated that 191,650 shares of Henningsen Foods were transferred to Michael Foods, effective July 1, but the transfer price was not disclosed.

Michael Foods stated that Henningsen’s operations will be fully integrated into the Michael Foods network by the end of 2020.

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