Bayside Capital invests in Ready Pac
April 24, 2007
by Eric Schroeder
MIAMI — Bayside Capital, a private equity firm, said it has made a strategic investment in Ready Pac Foods, Inc., a provider of fresh cut produce and fresh prepared foods with facilities located throughout the United States. Financial terms of the transaction were not disclosed.
"We are excited to partner with a premier private equity firm to help facilitate our growth," said Dennis Gertmenian, chairman and chief executive officer, Ready Pac. "Bayside’s investment allows us to accelerate our 38-year history of partnering with our customers to bring high quality innovative new products to market while providing excellent service."
Tiffany Kosch of Bayside Capital said the company views its investment in Ready Pac as a "flagship investment" in the fast growing fresh prepared foods industry segment.
"We will leverage our financial resources to enhance the company’s operational excellence and industry leadership," Ms. Kosch said. "The company has an outstanding management team, leading market position and, with our resources, is well-positioned to capitalize on the many opportunities created by the strong customer demand for its products."