The latest news from NWFPA members and events concerning the food processing industry in the Northwest.
OFD FOODS ANNOUNCES CEO PROMOTION, INVESTMENT FROM ENDEAVOUR
Merryman promotion and investment capital to expand OFD’s capacity, development in new markets
ALBANY, Ore. (Nov. 10, 2016): OFD Foods, the largest diversified freeze dryer in North America, has promoted company president Jim Merryman to president and chief executive officer. The announcement follows the completion of a capital investment in OFD Foods from Portland, Oregon-based Endeavour Capital. Led by Merryman and the OFD executive team, the investment funded the retirement buyout of several long-serving OFD managers and will enable OFD to accelerate investments in additional capacity at its Albany plants and elsewhere in North America. Headquarters and company management will remain in Albany. Financial terms of the transaction were not disclosed.
“We are now able to move OFD forward more aggressively to serve the expanding needs of our customer base,” said Merryman. “Our broader capital base will support the continued expansion of our brands within the outdoor adventure meal and emergency meal markets, in addition to expanding capacity for OFD’s contract services.”
Merryman joined OFD Foods in 1974, and has managed the company’s distribution, production, maintenance, purchasing, sales and marketing departments. He applied this thorough understanding of OFD Foods’ business when he was appointed president and chief operating officer in 2011. Now as CEO, Merryman will lead OFD Foods to continued success.