Lipari Foods Acquires Swiss-American, Inc.

Lipari Foods (H.I.G.-backed) Acquires Troyer Cheese and Related Businesses

February 20, 2019

Food & Beverage

Lipari Foods, a portfolio company of H.I.G. Capital, has acquired Troyer Cheese, Inc., Troyer Bros. Trucking, Ltd., and Amish Wedding Foods, Inc. The add-on expands Lipari's specialty food manufacturing and distribution capabilities and extends its geographic reach across the Midwest and national grocery customers.

H.I.G. Capital Acquires Lipari Foods from Sterling Investment Partners

January 4, 2019

Food & Beverage

H.I.G. Capital affiliate has acquired Lipari Foods Operating Company, LLC from Sterling Investment Partners and certain other selling shareholders, with the Lipari family and management retaining a significant investment. Sterling also made a new investment and will hold a board seat; H.I.G. will partner with management to expand Lipari's distribution and manufacturing platform and pursue organic and M&A-driven growth.

Littlejohn & Co. Acquires Lipari Foods

October 31, 2022

Food & Beverage

An investor group led by Littlejohn & Co. acquired Lipari Foods, a leading specialty food distributor and value-added manufacturer headquartered in Warren, Michigan. The Lipari family, management, H.I.G. Capital and Sterling Investment Partners remain minority investors; Littlejohn said it will support Lipari's next phase of growth and accelerate its acquisition program.

Lipari Foods Acquires Tut's International

January 13, 2021

Food & Beverage

Lipari Foods, a portfolio company of H.I.G. Capital, has acquired the assets of Tut's International Export & Import Co., Inc., a Dearborn, Michigan-based importer and distributor of Middle Eastern and Eastern European foods. The acquisition is the third add-on since H.I.G. acquired Lipari and is intended to strengthen Lipari's international specialty food division and expand its perimeter-of-the-store offering.

Tilia Holdings Acquires Caputo Cheese from Promus Equity Partners

July 17, 2025

Food & Beverage

Chicago-based private investment firm Tilia Holdings has acquired Caputo Cheese, a Melrose Park, Illinois value-added processor of high-quality Italian cheeses, from Promus Equity Partners (transaction closed June 30, 2025). Monroe Capital provided the senior credit facility and an equity co-investment to support the acquisition; Natale Caputo will continue to lead the company as Tilia looks to scale Caputo's manufacturing and national distribution capabilities.

Solina Acquires Saratoga Food Specialties

October 4, 2022

Food & Beverage

Solina, a France-based producer of savoury ingredient solutions, has signed an agreement to acquire Saratoga Food Specialties to accelerate its North American expansion. The deal (subject to regulatory approval) will add Saratoga's liquid-sauce capabilities, three U.S. manufacturing sites and approximately 500 employees to Solina's North American footprint.