CJ CheilJedang Acquires Schwan's Company for $1.84B

4x4 Capital Invests in Yelloh (formerly Schwan's Home Delivery)

February 28, 2023

Food & Beverage

New York-based private equity firm 4x4 Capital has made a significant investment in Yelloh (formerly Schwan's Home Delivery) to accelerate the company's transformation and growth in the frozen home food delivery market. Paul Schwan remains chairman while 4x4 Capital partner Alex Medicis assumes the interim CEO role as the company, headquartered in Marshall, Minnesota, pursues operational and growth initiatives.

AUA-backed Gourmet Culinary Partners Acquires Holiday Foods from Schwan's Company

March 3, 2020

Food & Beverage

AUA Private Equity Partners’ platform Gourmet Culinary Partners has acquired Holiday Foods from Schwan’s Company to expand its national specialty prepared foods footprint. The deal strengthens GCP’s capabilities in appetizers and hors d’oeuvres and supports the platform’s strategy to serve national foodservice and retail accounts.

Rhône Acquires Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners

September 4, 2025

Restaurants & Hospitality

Investment funds affiliated with Rhône have acquired Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners. Freddy's— a fast-casual franchise with more than 550 locations and over $1 billion in system-wide sales—will keep its existing leadership as Rhône supports continued market expansion and guest-experience improvements.

Schuman Cheese Acquires Trugman-Nash LLC

October 31, 2024

Food & Beverage

Schuman Cheese, a fourth-generation family-owned specialty cheese importer and maker, has acquired Trugman-Nash LLC from Allied Dairy, Inc., gaining ownership of the Old Croc Australian cheddar brand and exclusive U.S. distribution rights for Organic Herd British cheddar brands. The deal expands Schuman's premium cheese portfolio and strengthens its retail presence in the U.S. specialty cheese market.

C.H. Guenther & Son Acquires Fresca Mexican Foods

June 23, 2025

Food & Beverage

San Antonio-headquartered C.H. Guenther & Son (CHG), a Pritzker Private Capital-backed food manufacturer, has acquired Fresca Mexican Foods, a Caldwell, Idaho-based producer of flour and corn tortillas and tortilla chips. The acquisition expands CHG's tortilla manufacturing capacity, adds Fresca's 190,000 sq. ft. facility and ~375 employees, and deepens CHG's relationships with QSR, foodservice and private-label customers.

C.J. Foods Acquires American Nutrition, Creating Largest Independent Super Premium Pet Food Manufacturer

March 18, 2020

Food & Beverage

C.J. Foods, a portfolio company of J.H. Whitney Capital Partners, has acquired American Nutrition, combining two leading super-premium pet food manufacturers to create the largest independent producer of super-premium pet food in the U.S., producing over one billion pounds annually. The deal expands C.J. Foods' product portfolio and national distribution footprint across dry, canned and baked treats while preserving senior leadership roles on the combined board.