The portfolio company of private equity investment firm HIG Capital, Lipari Foods, has acquired speciality food distributor, manufacturer and processor Troyer.
Financial details of the deal have not been divulged by both companies.
As part of the deal, Lipari has acquired Troyer Cheese, Troyer Bros Trucking and Amish Wedding Foods.
Lipari president and CEO Thom Lipari said: “We are excited about the addition of Troyer’s unique product offerings into our existing portfolio. Troyer is an excellent strategic fit that builds on Lipari’s heritage in the deli, dairy, confectionary and other speciality food categories.
“Additionally, we are eager to continue building our speciality food manufacturing capabilities and look forward to extending our geographic reach further across the Midwest.”
Based in Millersburg, Ohio, Troyer is engaged in the distribution, processing and manufacturing of premium deli, cheese, jarred goods, confections and speciality food products that are distributed to 2,400 grocery retail customers across 48 states.
Additionally, Troyer offers Backroad Country candy and snacks, as well as Edna Lucille soaps and lotions.
HIG managing director Justin Reyna said: “We are pleased to support Lipari in its acquisition of Troyer.
“This transaction fits squarely within the Company’s strategy of acquiring unique and complimentary food manufacturing and distribution businesses in existing and adjacent markets. We are excited to partner with the Troyer team as we continue to grow the Lipari business.”
Last month, HIG Capital’s affiliate has acquired food distribution company Lipari Foods from Sterling Investment Partners and certain other shareholders.
Troyer is the second add-on acquisition that Lipari has completed since its purchase by HIG.
