Aseptia Sells N.C. Subsidiaries, Works with AmeriQual Toward Use of Aseptic Technologies

Food companies Aseptia and AmeriQual form relationship with asset transaction

RALEIGH, N.C. – Food technology leader Aseptia has completed the sale of its manufacturing operations Wright Foods and Carolina Dairy to a newly formed subsidiary of AmeriQual Group Holdings.

The sale, which was finalized in late February, transfers the assets of Wright Foods in Troy, N.C., and Carolina Dairy in Biscoe, N.C., to AmeriQual’s subsidiary. As part of the transaction, the companies also formed a long-term licensing relationship for the use of Aseptia’s patented AseptiWave™ and AseptiSense™ technologies. These innovative, award-winning technologies allow for the processing and validation of a wide range of aseptic foods with better sensory, nutrition-retention and ingredient profiles while also lowering supply chain costs by reducing or eliminating the need for cold storage.

“We are launching an exciting relationship with AmeriQual that offers tremendous potential for both companies,” said Aseptia President and CEO David Clark. “They are market leaders in food processing and packaging, and the facilities and capabilities that we had at Wright Foods and Carolina Dairy are a great fit for them. We believe that AmeriQual is the ideal owner to continue the strong growth that we experienced in those businesses. By combining Aseptia’s proprietary food technologies with AmeriQual’s market leading process expertise, we believe that innovative and transformative aseptic products will be brought to market in the very near term.”

He added, “The sale of our manufacturing operations will allow us to concentrate entirely on expanding the adoption of our technologies around the world.”

AmeriQual’s leadership also noted benefits of the transaction.

“As a leading developer and processor of food products for consumer, foodservice, government and institutional customers, AmeriQual continually strives to bring the highest quality, most innovative products to our customers,” said Joe Penshorn, President of AmeriQual Group Holdings. “By expanding our manufacturing capabilities and employing Aseptia’s aseptic preservation technologies, we will be able to bring unique, better products to our customers. Acquiring the Carolina Dairy facility is also a very logical extension of our pouch manufacturing expertise into the yogurt category. We are excited about the opportunities that this transaction affords us.”

About Aseptia

Aseptia is a state-of-the-art food technology company, founded in 2006, and a growing leader in aseptic and related technologies. Partnered with North Carolina State University and its team of scientists, Aseptia developed ground-breaking U.S. technology, which enables the preservation of food products that maintain freshness, flavors, nutrients and superior taste without the use of additives or the need for refrigeration. For this patented technology, Aseptia and N.C. State received a variety of accolades and recognition, including acknowledgment by the FDA. The progressive Aseptia brand is built on innovation, safety and quality in the technology utilized for packaged food, supported by the strength of an expanding international intellectual property portfolio. For more information, visit www.aseptia.com.

About AmeriQual

AmeriQual Group Holdings LLC specializes in the production, packaging, assembly and distribution of high-quality, shelfstable food products to the United States Department of Defense (DoD) and major branded food companies. Thermo Pac LLC, a wholly owned subsidiary, specializes in the processing, assembly and distribution of portion control food products.