PANOS Brands LLC (Saddle Brook, N.J.), a portfolio company of High Road Capital Partners, has acquired Ry-Con Specialty Foods Inc. (Mechanicsburg, Pa.), a producer of hormone-free cheeses and other products without antibiotics, preservatives or animal by-products under the Andrew & Everett brand. PANOS was acquired by High Road in December 2010 and makes natural and specialty food and beverage brands, including KA-ME Asian food, MI-DEL natural and gluten-free cookies, Sesmark rice and wheat crackers, and Amore cooking pastes. “Our acquisition further broadens PANOS’ product line in the natural and gluten-free categories,” said Steven Grossman, CEO of PANOS. The transaction represents the first add-on acquisition for PANOS under High Road’s ownership.
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