QualiTech Acquires Ellison Bakery

Tilia Holdings Acquires Ellison Bakery

August 19, 2020

Food & Beverage

Chicago-based private investment firm Tilia Holdings completed the acquisition of Fort Wayne, Indiana-headquartered Ellison Bakery from the Ellis family and a group of private equity investors including Blackford Capital and Promus Equity Partners. Ellison is a manufacturer of cookies, crunches, inclusions and bars serving retail, foodservice and private label customers; management will remain in place and debt financing was provided by Comerica and others.

MidOcean Partners Acquires QualiTech

June 7, 2023

Food & Beverage

MidOcean Partners, a New York-based private equity firm, has acquired QualiTech, a family-owned manufacturer of food ingredients, animal nutrition and plant nutrition products, from the Ploen family. The transaction will provide capital to expand QualiTech’s capabilities, capacity and product innovation as part of MidOcean’s food value chain investment strategy; terms were not disclosed.

Harlan Bakeries Acquires AmeriQual Group

August 17, 2021

Food & Beverage

Harlan Bakeries LLC has acquired Evansville-based AmeriQual Group Holdings, LLC, a developer, packager and distributor of shelf-stable, refrigerated and frozen foods for branded food companies, government agencies and institutional customers. New York-based Turning Rock Partners provided structured equity financing to support the transaction, with existing shareholders and management also participating.

Tilia Holdings Acquires NutriScience Innovations

May 4, 2021

Food & Beverage

Chicago-based private equity firm Tilia Holdings completed the acquisition of NutriScience Innovations, a Milford, Connecticut developer and supplier of branded nutritional and specialty ingredients. The sellers on the transaction included Akoya Capital, Lakeview Equity Partners and Greyrock Capital Group; NutriScience's CEO Alan Yengoyan will remain in his role to support the company's next phase of growth.

Tilia Holdings Invests in Stone Ground Bakery; Stone Ground Merges with Wheat Montana

November 9, 2021

Food & Beverage

Tilia Holdings, a Chicago-based private investment firm focused on the food supply chain, announced a growth investment in Stone Ground Bakery and that Stone Ground will merge with Wheat Montana, a Tilia portfolio bakery. Stone Ground will continue to operate under its existing brand with co-owners Tammy Hines and Derrick Schmerse remaining in place, and the combined businesses will leverage Wheat Montana's distribution network to expand Stone Ground's reach across the Western United States.

Tilley Company Acquires Ingredients Solutions (ISI)

September 2, 2021

Food & Beverage

Baltimore-based Tilley Company, a portfolio company of SK Capital Partners, has acquired Ingredients Solutions Incorporated (ISI), a Waldo, Maine-based distributor and blender of specialty hydrocolloids. The deal expands Tilley's food- and personal-care ingredient portfolio and brings ISI's R&D, blending and technical application capabilities into the Tilley platform.