Tecum Capital Invests in DelGrosso Foods to Fund Manufacturing Expansion
July 6, 2021
Tecum Capital Partners II, L.P. has made a growth investment in DelGrosso Foods Inc., partnering with a banking syndicate led by First Commonwealth Bank to provide debt financing. The capital will fund conversion of a newly acquired 166,000 sq. ft. facility in Antis Township, Pennsylvania to expand sauce manufacturing capacity, preserving 90+ jobs at Tipton and creating more than 50 new manufacturing roles.
- Buyers
- Tecum Capital Partners II, L.P.
- Targets
- DelGrosso Foods Inc.
- Industry
- Food & Beverage
- Location
- Pennsylvania, United States
- Transaction Type
- Growth capital
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