|October 23, 2019 – Chicago, IL – LaSalle Capital is pleased to announce that it, in partnership with NewSpring Mezzanine, has completed the acquisition of Joseph’s Frozen Foods (“Joseph’s” or the “Company”) from Brynwood Partners. Joseph’s, headquartered in Haverhill, MA, is a leading manufacturer of frozen Italian pasta products (both filled and unfilled), specialty sauces and meal solutions. The Company serves a diverse set of customers, including national restaurant chains, foodservice distributors, retailers and industrial accounts.
Joseph’s CEO, David Zwartendijk, stated, “LaSalle Capital has a strong track record of building leading specialty food manufacturers and has significant expertise in the foodservice channel. We are thrilled to be partnering with LaSalle and NewSpring for this next chapter of growth and innovation at Joseph’s.” Mr. Zwartendijk added, “We would like to also thank Brynwood for their excellent stewardship over the last five years.”
David Murav, Principal at LaSalle Capital, commented, “Joseph’s has built a fantastic reputation in the frozen Italian cuisine industry and is highly regarded for its culinary expertise and superior customer service. We are excited to partner with the entire Joseph’s team to continue growing the business.”
If you have any questions regarding this transaction or would like to discuss opportunities in the food & beverage industry, please contact David Murav, Jeff Walters or Kelly Cornelis of LaSalle Capital at (312) 236-7041.
About LaSalle Capital
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $345 million in capital. LaSalle has a proven track record of partnering with management teams to increase value in our companies by providing strategic operating focus and driving growth organically and through acquisitions. We have domain expertise and investment focus in two industry sectors: food and beverage and technology-enabled business services.