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Fort Worth-based PAK Quality Foods, a portfolio company of Cross Rapids Capital and a food distributor serving foodservice, retail and institutional customers throughout Texas and Eastern New Mexico, has acquired substantially all assets of Vernon Transportation and AmTex HR Foods Inc., operating as H&R Foods, according to the company.
H&R Foods is an employee-owned food distributor based in Amarillo. The acquisition is intended to enable both companies to grow by broadening their portfolios of products and services and by expanding their respective customer bases. John and Barry Vernon will continue to run H&R Foods.
“We are thrilled to welcome H&R Foods into the PAK Quality Foods family,” said John Pieper, CEO of PAK Quality Foods, in a statement. “Our commitment is simple: the high-quality, reliable service and responsiveness that customers have come to expect from H&R Foods will continue, backed by the added resources of PAK Quality Foods. We share a deep focus on serving our customers well, and together we see a strong future of investment, partnership and growth across the communities we serve.”
Founded in 1969, H&R Foods serves foodservice, retail and institutional customers across Texas, New Mexico, Oklahoma, and Kansas. The company distributes beef, pork and poultry, along with dry goods, produce, dairy, and other products.
PAK Quality Foods serves foodservice, retail and institutional customers throughout Texas and Eastern New Mexico. The company operates distribution facilities in San Angelo and Fort Worth and offers a full line of proteins, including beef, pork, poultry, lamb and seafood, as well as cheeses, oils, and other dry goods.
Cross Rapids Capital, the company’s investment partner, is an operationally driven investment firm focused on North American middle-market industrial and services companies, partnering with owners and management teams to accelerate growth through sector expertise and a collaborative approach.