South Korea's Pulmuone Holdings Co. Ltd. said U.S. subsidiary Pulmuone U.S.A. Inc., Fullerton, Calif., completed its tender offer for Monterey Gourmet Foods.
Refrigerated pasta and specialty foods processor Monterey Gourmet Foods, Inc., Salinas, Calif., said it agreed to be purchased by Korea's Pulmuone U.S.A., Inc. in a $2.70 per share cash tender.
To better optimize its production, refrigerated foods processor Monterey Gourmet Foods, Salinas, Calif., said it will close an Emerald Valley organic products plant in Eugene, Ore.
