Catterton Partners acquires Alasko Foods
September 8, 2010
by Keith Nunes
GREENWICH, CONN. — Catterton Partners, a private equity firm, has acquired a controlling interest in Alasko Foods, Inc., Montreal, an importer and distributor of frozen fruits and vegetables. Terms of the agreement were not disclosed.
Alasko Foods markets its products under the Alasko and MOOV brands as well as under several private label brands. The company features approximately 230 stock-keeping units that are sold through a variety of distribution channels.
“We are pleased to complete this transaction, which partners us with simply the best consumer-focused firm with an impressive track record of building and enhancing consumer brands in North America,” said Platon Gavrielatos, chairman of Alasko. “Together with Catterton, Alasko will be well positioned to capitalize on exciting opportunities to further expand our business and enhance our market position in North America. Over the past 20 years, we have built Alasko into a strong, dynamic company, with very talented people. I am very proud of what our team has accomplished and equally excited about our future with the strategic and financial support from Catterton.”
In addition to Alasko Foods, Catterton has investments in several other food and beverage companies, including Naya Waters, Montreal; Breyers Yogurt Co., Boulder, Colo.; and Van’s Natural Foods, Vernon, Calif.