Company Pivots to Build Footprint in Food Production Industry with Acquisition of Pasta Romana
OAKVILLE, ON, Nov. 27, 2017 /PRNewswire/ – Romana Food Brands Corp (OTC Pink: RFBC), formerly Blackbird International is pleased to announce a corporate shift in focus with the acquisition of Pasta Romana. Due to the current advantageous nature of the Canadian food processing market, management has resolved to establish a position in industry, enabling the Company to capitalize on this profitable and thriving sector.
Founded in 1996, Pasta Romana has become recognized for its classic Italian cuisine and authentic dishes derived from top quality ingredients. The Company also manufactures privately branded products, many of which are served in Montréal’s most respected restaurants. Pasta Romana’s product line includes fresh pasta, fresh filled pastas, tasty sauces & robust pestos.
Due to the sheer volume Romana has created over the past couple decades, the establishment of a comprehensive food quality system has been foundational in maintaining the consistent integrity of excellent product quality. As a result of management’s constant pursuit of excellence, Current production capacity reaches 2000 kg. in pasta and 1,000 litres of sauce per hour, produced in facilities equating to 40,000 square feet of AAA, HACCP and C-TPAT certified property.
Pasta Romana has consistently invested in the research and evolution of premium recipes earning an outstanding reputation for its formulator’s abilities to customize and deliver excellence according to distinct specification. “We have great expectations for the foreseeable future. With proven expertise in product development and retail understanding, management has effectively stayed on top of the trends, incorporating cutting-edge equipment and attentiveness to the needs of its growing client base. We are very pleased to be moving forward in this industry, and highly anticipate how we will emerge, strengthening Romana Foods as an industry contender, building corporate value for shareholders.” stated John Pedder, President, Romana Food Brands Corp.
The Company currently has a spectrum of major food outlets under contract such as Aldi, Costco, Imvescor, Loblaws, Maxi, Metro, Provigo, Sobeys, Super C and Trader Joe’s.
According to Agriculture and Agri-Food Canada statistics, the food and beverage processing industry is the second largest manufacturing industry in Canada in terms of value of production with shipments worth $105.5 billion in 2014; it accounts for 17% of total manufacturing shipments and for 2% of the national Gross Domestic Product (GDP). It’s the largest manufacturing employer and provides