PHOENIX, AZ — SunTree Snack Foods, LLC, a better-for-you snack manufacturing company, announced back on Aug. 11 that it had purchased The Peanut Roaster/Carolina Nut Company (Carolina Nut). The acquisition will broaden SunTree’s product offerings and improve its ability to serve customers located on the East Coast.
SunTree, headquartered in Phoenix, AZ, primarily produces snack nuts, baking nuts, trail mixes, dried fruit, and healthy snacks, with an emphasis on store brands. Carolina Nut, based in Henderson, North Carolina, is a premium manufacturer of peanuts and snack nuts and is widely known in the industry for its own brands – Carolina Nut Company and The Peanut Roaster – as well as its private-label brands.
“Carolina Nut is a perfect complement to SunTree on many levels,” said Jeff Vogel, CEO of SunTree. “The additional product offerings, expanded geographic footprint, and new packaging and manufacturing capabilities will expand our product lineup for our customers and provide a larger variety of snacking options for category growth.”
Carolina Nut’s North Carolina-based manufacturing facility was particularly attractive to SunTree because, combined with its Phoenix facility, it allows the company to serve national retailers wherever their stores are located. The combined business also includes an in-house research & development laboratory that allows SunTree, in partnership with its customers, to develop new products and on-trend flavors.
Satori Capital, the conscious capitalism-oriented investment firm that owns SunTree, recognized the acquisition as a benefit to both companies and to their customers. Satori will continue to empower SunTree’s leadership team as it further develops its own employee-focused values and initiatives.
SunTree is a producer of branded and private-label nuts and dried fruit snacks including roasted and salted nuts, trail mixes, and chocolate and yogurt-covered nuts. Based on Henderson, North Carolina, Carolina Nut specializes in unique flavored nuts, flavored peanuts, spicy nuts and candied nuts. Its hand-roasted and flavored peanuts are hand crafted in Henderson, North Carolina.