Tilia Holdings Acquires Caputo Cheese from Promus Equity Partners

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.

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.

Tecum Capital Invests in DelGrosso Foods to Fund Manufacturing Expansion

July 6, 2021

Food & Beverage

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.

Capri Holdings Acquires Tuscan Shoemaker Sicla

March 23, 2024

Manufacturing

Capri Holdings has signed an agreement to acquire Sicla, a Montevarchi-based Italian shoemaker known for producing part of Jimmy Choo's collections. The Donnini family will continue to oversee operations; financial terms were not disclosed. The acquisition strengthens Capri's production capabilities and secures a supplier in Tuscany's luxury footwear cluster.

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.

Lipari Foods Acquires Swiss-American, Inc.

March 20, 2023

Food & Beverage

Lipari Foods, a Warren, Michigan-based specialty food distributor, has acquired St. Louis-based Swiss-American, Inc., a specialty cheese solutions provider focused on retail deli. The acquisition will fold Swiss-American into Lipari's manufacturing division via its subsidiary The Deli Source to expand cheese offerings and capabilities; Swiss-American will continue to be led by Joe Hoff and has approximately 85 employees.