Progressive Gourmet Announces Agreement to Acquire Select Assets of Appetizers And, Inc.

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Progressive Gourmet and Golden County Foods today announced the signing of a definitive agreement for Progressive Gourmet to purchase select assets of Appetizers And Inc. (“AAI”), including certain equipment, the brand, and associated customer relationships.

Progressive Gourmet and Golden County Foods today announced the signing of a definitive agreement for Progressive Gourmet to purchase select assets of Appetizers And Inc. (“AAI”), including certain equipment, the brand, and associated customer relationships.

Golden County Foods and Progressive Gourmet will collaborate to provide a seamless transition of the customer relationships. “Appetizers And Inc. is an iconic brand with a robust product portfolio and a fantastic customer base" said Chris Collias, CEO of Progressive Gourmet. "We are very excited to acquire the brand that helped launch my start in the food business more than twenty years ago. Our plan is to build upon the brand equity AAI has established over the past 45 years. The acquisition of AAI positions Progressive Gourmet as the nation’s leading manufacturer of gourmet, hand finished hors d'oeuvres, small plates, and hand held snacks."

It was previously reported inaccurately and prematurely that Progressive Gourmet had acquired the entire AAI business, that Progressive Gourmet had decided to close the AAI plant, and that AAI employees would lose their jobs as a result of the sale of the company. The original plant closing notification was related to AAI's sale of the manufacturing facility and occurred prior to the agreement between Progressive Gourmet and Golden County Foods. Both Progressive Gourmet and Golden County Foods are excited about the future prospects of the Appetizers And Inc. brand under Progressive Gourmet’s stewardship.

About Progressive Gourmet:
Founded in 1992, Progressive Gourmet is the nation’s leading manufacturer of gourmet, hand finished hors d’oeuvres, small plates, and hand held snacks. The company’s products can be found in chefs’ kitchens and retail locations under the Goodwives brand across the US. For more information on Progressive Gourmet, please visit http://www.progressivegourmet.com or call 1-800-224-7630.

About Appetizers And, Inc.:
Founded in 1967, Appetizers And, Inc. is a leader in today’s hors d'oeuvres and small portions industry with national distribution as well as a direct sales force serving every major city in the U.S. For more information, please visit http://www.appetizersandinc.com or call 1-800-323-5472.

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Gjergj Dollani
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