The American Pop Corn Co., Sioux City, Iowa, is a whopping 100 years old this year. A century ago, Cloid Smith started the family business and 3 billion lb., five generations of Smiths and 10 decades later, it’s still churning out Jolly Time Pop Corn under family ownership.
Shearer’s Foods, owned by Toronto-based Wind Point Partners, acquires the assets of Medallion Foods from Omaha, Neb.-based ConAgra Foods for $33.5 million. Medallion Foods produces value- and private-label, corn-based snack foods, including tortilla chips, corn chips and extruded corn products. ConAgra bought Medallion Foods as part of its purchase of Ralcorp Holdings Inc. in early 2013.