Dear Bellisio Foods & CP Foods B2B Teams,

As you know, 2021 was a challenging year for businesses nationwide. Rising inflation, intensifying competition, and the difficulty of stabilizing our workforce amidst continued COVID-19-related pressures are creating challenges for all businesses.

While each of our North American business teams is committed to achieving its 2022 Budget or better, our CP Foods owners would like to add to these strong plans. At their direction, we will begin an initiative to search for additional growth and cost-saving opportunities across the Bellisio Brands and CP Foods B2B businesses.

This initiative will include exploring supply chain/manufacturing opportunities and better ways to collaborate and share best practices. We will be doing this with the help of CP Foods’ team of experts in finance, supply chain, and organizational effectiveness.

In the coming weeks, we will work together to solicit your ideas and input. We will keep you updated as specific milestones are achieved. In the interim, please continue to work together and entrepreneurially as you have. It is critical that we stay focused so that all of us deliver or exceed our 2022 business plans.

Thank you!
Steve Young, CEO