Frozen Food Manufacturers

A leading private equity group with a 50-year record of investing over $2 billion and partnering with over 275 companies acquisition targets for a new and exciting initiative in the ethnic frozen foods sector.

The objective is to combine two existing frozen Hispanic food companies with one or more companies that have manufacturing, quick freeze, cold storage capability, and the capacity to expand production. The combined entity will target both retail and food service channels with complementary products and brands. Our client will create a solution that provides full or partial liquidity for selling shareholders with capital, operational resources, and executive support to achieve the new enterprise’s vision and growth objectives. This private equity group differentiates itself by partnering with a senior executive with deep industry experience who will assume a CEO, chairman or senior director role. With long history of working with closely held middle market companies, a sizable investment team, and financial resources our client is flexible, sensitive to owners’ needs and can move quickly.

Target characteristics:

• Frozen food manufacturing business

• Revenues $20-100 million, EBITDA $3 million plus

• Quick-freeze capability and capacity – nitrogen tunnel or spiral freezer

• Frozen storage capacity

• USDA/FDA certified for meat processing

• Space for expanded production (extrusion, steam cooking, wrapping, etc.)

• Ideally up to 50,000 square foot manufacturing plant

• Complementary product lines – frozen appetizers, ethnic foods, hand-held foods

• Customers are retail and/or food service

• Location Midwest, Southeast, Northeast; will consider Canada or West Coast