Frontenac Partners with Prime Food Processing & Chan & Chan (CCI Prime)
October 19, 2023
Chicago-based private equity firm Frontenac has made a growth investment in Prime Food Processing and Chan & Chan, Inc. (together, CCI Prime), a 30+ year-old manufacturer and importer of Asian-style frozen foods. Founder Albert Chan will retain a significant ownership stake and remain CEO as Frontenac supports expansion of CCI Prime’s Asian cuisine offerings into mainstream retail while continuing to serve the ethnic grocery channel.
- Buyers
- Frontenac
- Targets
- Prime Food Processing and Chan & Chan, Inc. (CCI Prime)
- Sellers
- Albert Chan, Chan family
- Industry
- Food & Beverage
- Location
- Pennsylvania, United States
- Transaction Type
- Growth capital
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