Sun Capital acquires Contessa Premium Foods
July 6, 2011
by Keith Nunes
BOCA RATON, FLA. — Sun Capital Partners, Inc. has entered into an agreement to acquire the assets of Contessa Premium Foods, Inc., San Pedro, Calif., a manufacturer of frozen seafood and convenience meals for the retail and food service markets. Contessa filed for Chapter 11 bankruptcy protection this past January, and Sun Capital acquired the company through a 363 bankruptcy sale.
The sale was approved on June 29 by the U.S. Bankruptcy Court for the Central District of California and is expected to close by the middle of July. Terms of the agreement were not disclosed.
“The Contessa management team has built a great business, centered around best-in-class food quality and environmental friendliness,” said Jared Wien, vice-president at Sun Capital Partners. “Contessa’s already strong market position in the frozen seafood category and its state-of-the-art manufacturing and processing capabilities have enabled the company to capitalize on the growing demand for high-end frozen seafood and convenience meals. We look forward to working with management and our commercial partners to continue to develop the Contessa brand and expand our private label relationships.”
Founded in 1984, Contessa is a processor and distributor of seafood and frozen, bagged convenience meals. Its products include frozen seafood, vegetable stir-fries, sauce blends, pizza and fruits.
Sun Capital Partners’ portfolio of food companies includes Creekstone Farms Premium Beef, Harry’s Fresh Foods, Sunrise Growers-Frozsun, and the Captain D’s chain of seafood restaurants.