Horizon Bradco Acquires Foley & Wallace Associates

Download the Press Release here

Contact: Laurie Boyce                                                                                                                           FOR IMMEDIATE RELEASE
Phone: 518-395-3388 x117
Email: lboyce@horizonbradco.com

HORIZON BRADCO ACQUIRES FOLEY & WALLACE ASSOCIATES

Acquisition combines similar business models, equipment lines and customers

Schenectady, New York (January 22, 2014) – Horizon Bradco has acquired Foley & Wallace Associates, bringing together two strategically aligned businesses each with more than 25 years in business to better support the supermarket, meat processing, seafood and baking industries with premium processing equipment and services. The acquisition provides Horizon Bradco with an expanded service network, increased service technician density to better service customers, and new product lines including Marineland lobster tanks and Newly Weds seasonings.

“The merger brings together additional talent, knowledge, and resources needed to further expand Horizon Bradco’s footprint in the New England Area. The synergies between Horizon Bradco and Foley & Wallace made sense with our existing plans for expansion.” said Mark Panozzo, CEO.

Paul Foley and Joe Wallace, founders of Foley & Wallace, bring complementary experience as equipment and supply distributors and service providers to the food processing industry since 1987. Foley & Wallace, located in Avon, Massachusetts will be moved to Horizon Bradco’s facility in Wilmington, Massachusetts.

“We are very excited to be joining the Horizon Bradco team and are confident that existing and prospective customers will recognize the benefits brought about by combining our resources and talent. Looking at our evolution in recent years, we thought it was the perfect opportunity to expand with a company as highly respected as Horizon Bradco.” said Joe Wallace.

“The acquisition of Foley & Wallace allows us to enhance our food equipment solutions and expertise to the retail food preparation industry while expanding our access to unique product lines. Paul and Joe also realized the importance of offering service along with equipment distribution, sharing our philosophy on how to best serve the market. Together we are poised for significant growth in the New England area and beyond.” said Frank Corvino, Vice President.

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About Horizon Bradco

Horizon Bradco is a leading distributor and food equipment solutions provider to the supermarket, meat processing, bakery and food commissary markets. Founded in 1987, the company is headquartered in Schenectady, New York with additional office locations in Massachusetts, North Carolina, and Florida. The company markets its automation-focused bakery equipment solutions to the retail, wholesale, and industrial baking segments under the Bake-Rite brand. To learn more please download our Press Kit by visiting     http://horizonbradco.com/wp-content/uploads/2014/01/Horizon_Bradco_Press_Kit_2014.pdf