Lipari Foods, a regional food distributor that supplies the perimeter of supermarkets, has been acquired by H.I.G. Capital, a private equity investment firm. Financial terms of the deal were not disclosed.
Lipari distributes specialty and branded food products, serving more than 6,300 customers throughout the Midwest from its 725,000-square-foot distribution and manufacturing facility just outside Detroit. The company generates approximately $1 billion of net sales annually. Its products span the deli, bakery, dairy, specialty, seafood, retail, packaging categories and more.
H.I.G. says it is partnering with LIpary to grow the company's distribution and manufacturing platform.
“We are very excited about partnering with H.I.G. to support Lipari’s strategic growth plan," says Tom Lipari, president and CEO of Lipari Foods."The Company continues to have numerous opportunities to expand and H.I.G.’s experience and resources, particularly around M&A, will help us continue our successful growth trajectory. We remain committed to providing outstanding service to our longstanding, blue-chip customers.”
Liparti had acquired Jim's Cheese and Jerusalem Foods withing the last year.