In a deal announced on Thursday, the Puyallup Tribe of Indians purchased Fife candy manufacturer the Fife-based confectionery and nut manufacturer Ames International Inc. for an unknown sum.
Bill Sterud, chairman of the Puyallup Tribe of Indians, stressed the importance of maintaining portfolio growth. “Candy is similar to coffee. Everyone requires both coffee and candy.
The parent business of Emily’s Chocolates and Nuts is Ames, which also owns the Teaosophy Teas tea brand. It distributes both domestically and to the Asia-Pacific region.
According to Amy Paulose, the company’s president previous to the acquisition, Ames employs roughly 35 individuals, all of whom will stay in their current positions during the transition. After the acquisition, she will serve as CEO of the business.
The business that manufactures Emily’s Chocolates, Ames International, was acquir by the Puyallup Tribe. The purchase is the most recent in a line of investments the Tribe has made to diversify its sources of income.
According to CEO Amy Paulose, preserving a local connection was crucial to maintaining a strong local economy. She claims that her business is now expanding and anticipates quickly hiring additional people and expanding distribution.
The purchase made through Puyallup Tribal Enterprises.
The Tribe economic development arm, significantly diversifies tribal revenue streams, and its investment will enable AMES to grow. According to the statement, the acquisition combines the operational and strategic competitive advantages provided by the Tribe with the product innovation, customer relationships, and manufacturing know-how of AMES International.
The Puyallup Tribal Council, the Tribe’s governing body, said in a statement that AMES “expands the Puyallup Tribe’s business ventures into a $2 billion functional confectionery industry and helps keep a local company in business.” Additionally, “We anticipate it to provide Puyallup Tribal. Members with more employment opportunities.
Fife candy manufacturer
Since open its brand news $400 million Emerald Queen Casino .Tacoma in 2020, the Tribe has initia a number of economic development efforts, the most recent of which being the agreement.
The Tribe opened a fourth Commencement Bay Cannabis store, the EQC hotel in Tacoma, the BetMGM @ EQC sportsbook, and a deal with Amazon on a sort center all in 2021
Tribe made collaborations with Kenmore Air to run a seaplane service and with celebrity chef Roy Yamaguchi to launch a waterfront restaurant serving international cuisine with Native influences in 2022.
The Tribe started its own global logistics business, Tahoma Global Logistics, and Fife candy manufacturer commenced ground on a new tribal office complex in 2023.
The Puyallup Tribe of Indians announced on Thursday that it has purchased a regional producer of high-end chocolate, nut, and tea confections.
According to a press announcement from the Puyallup Tribal Council, the tribe has acquired Fife-based AMES International.
The brand’s gourmet tea line and Emily’s Chocolates & Nuts are perhaps what make it most well-known. On the West Coast, it is one of the biggest nut roasters.
George Paulose established AMES in 1987 and gave the company’s chocolate/nut line his daughter’s name.
According to its LinkedIn profile, AMES established its first international subsidiary in Kerala, India, in 2008. Company president Amy Paulose discussed the business’ debut into.
China’s market via online merchant Alibaba’s TMall in a 2018 News Tribune article. Get unrestricted online access Try it for a month and pay just $1! In 2016, a test shipment.
That was sold to an sales that were or more what we initially.
Starte with in the trial order,” according to Paulose.
The Puyallup Tribal Council, the tribe’s governing body, stat in the announcement. That “AMES expands the Puyallup Tribe’s business ventures into a $2 billion functional.
Confectionery industry and helps keep a local company in business.” We anticipate that Puyallup tribal people will have additional employment options as a result.
Through Puyallup Tribal Enterprises, the tribe division for economic, development. The purchase was made According to the tribe. The agreement was also enable to continue expanding.
According to the press announcement, “the acquisition combines the best of AMES.
International product innovation, client contacts, and manufacturing knowledge with the operational and strategic.
Competitive advantages given by the tribe. The deal financial details Fife candy manufacturer weren’ made public.
The million Emeral Queen Casino in Tacoma was open. The tribe three years prior to the purchase. And the hotel will open its doors in 2021.
Additionally year the open sportsbook. A fourth Commencement Bay Cannabis store, and a partnership with Amazon on a new sort center.