Eagle Foods is a leading producer and marketer of canned sweetened condensed milk (SCM), evaporated milk (EVAP) products, and snack foods. Eagle was established in 2015 as a carve-out from The J.M. Smucker Company and subsequently has completed three key acquisitions:

• December 2015: Carve-out of canned milk assets from JMS
• August 2016: Purchase of Cornfields, manufacturer of the ready-to-eat (RTE) popcorn brand G.H. Cretors and other salty snack products.
• August 2017: Acquisition of Popcorn Indiana

Eagle Foods represents a unique scale platform with both Branded and Private Label offerings and is currently the largest independent player of scale in its categories.

Current brands include:

Eagle Brands: Since 1856, Eagle Brand has been a strong player in the condensed milk space. Currently, the sweetened condensed milk comes in regular and fat-free. Eagle is the #1 brand in SCM with a premium price and high-level brand awareness.  Other canned milks brands include Magnolia, PET, and Milnot.

Cretors: Cretors produces popcorn using real, simple high-quality ingredients. The unique artisanal process had been passed down for the past 130 years. Products include: Cheese & Caramel Mix, Cheese Lover’s Mix, Buffalo Ranch Mix, Honey Butter Kettle Corn, Organic Chile Jalapeno White Cheddar, Organic Extra Virgin Olive Oil, Organic White Cheddar, Organic Dill Pickle, Cheddar Cheese Corn, Caramel Corn and more.  

Popcorn Indiana: Popcorn, Indiana is an innovator of popcorn and whole grain snacks. All Popcorn, Indiana products are made from non-GMO corn and contain whole grains. Products include a line of flavored classic popcorn as well as Drizzlecorn (Kettle Corn drizzled with milk chocolate). Popcorn Indiana has a strong brand heritage and consumer awareness.

Monster Pop:  Monster Pop is a healthy, delicious and fun treat for kids to enjoy.  It is healthy, natural, gluten-free.  It comes in flavors like: Finger lickin’ Pizza, Big-Time Butter, Cheeserific Cheese and Kooky Kettle.

Crispy Fries: Crispy Fries are restaurant inspired, crispy, crunchy fries that you can enjoy at home.  Made from 100% potato they are the perfect snack to enjoy at any time during the day.  Crispy Fries come in 5 delicious flavors: Sea Salt, Hot!, Bacon Cheddar, Salt & Vinegar and Ketchup.

Skinny Sticks (formerly Hi I’m Skinny): Skinny Sticks are branded snacks that use only the highest quality ingredients for better taste and quality; without cholesterol, trans fats, and artificial flavors and preservatives. All snacks are vegan, certified gluten-free, and are certified Kosher.

Eagle foods has a Private Label business and is currently the #1 Private Label manufacturer in both SCM and EVAP and #3 manufacturer of RTE popcorn. Eagle Foods markets and distributes through many U.S. retail channels, which include grocery stores, club stores and mass merchandisers, as well as foodservice and export, U.S. military, and private label business.

To date, total net sales are ~$325-$350 million with projected next 12 months EBITDA of over $50 million.