Peterís food-to-go offering will expand as a result of the deal, and Momís will gain brand access to Peterís customer base across retail, foodservice, stadiums, caterers and fast food outlets.
Momís Fabulous Foodsí annual turnover is in excess of £2 million. Its hot dog ranges are supplied to stadiums, travel hubs, pub groups and fast food outlets across Wales.
Caerphilly-based Peterís is known for its savoury pastries Ė it produces products for its own brand, Peterís, as well as Seriously Tasty, and licensed brands including Heinz and Bisto.
David Peek, finance director for Peterís Foodservice, said: ďWe are delighted to reach this agreement and further expand our product offering, especially in the fast growing food-to-go sectorÖ We are very excited to create further opportunities together after completing the acquisition.Ē
Nick Pagett, founder of Momís Fabulous Foods, who will remain as Momís managing director, said: ďHaving worked with Peterís for several years and seeing the growth of Momís within Peterís, I am delighted to have reached this agreement, which will be a catalyst to further growth.Ē