GREENWICH, CONN. — LaSalle Capital has purchased Joseph’s Frozen Foods from Brynwood Partners VII L.P. Financial terms of the transaction were not disclosed.
Brynwood acquired Joseph’s from Nestle Prepared Foods Co. in 2013. The business is headquartered in Haverhill, Mass., and operates a 160,000-square-foot manufacturing facility. Along with premium frozen stuffed pasta and sauces, it also provides private label products and co-manufacturing services in a variety of pasta-centric frozen foods.
“We are very pleased with the outcome of this transaction,” said Hendrik Hartong III, chairman and chief executive officer of Brynwood Partners. “ Under Brynwood VII's ownership, we worked closely with management to transform Joseph’s from a business that primarily focused on providing high-quality, frozen stuffed pasta products, to one that provides a broad range of meal solutions including the expansion of the company’s product offerings into frozen meals and other meal kits. We look forward to watching the business continue to evolve and grow under LaSalle Capital’s ownership.”
LaSalle Capital manages two funds totaling more than $345 million in committed capital. The firm’s portfolio includes Westminster Foods, a Hempstead, N.Y.-based natural food holding company created through the combination of Westminster Cracker Co., Gold’s Pure Foods, Dr. Lucy’s, L.L.C., and H. Fox & Co., as well as DeIorio Foods, a Utica, N.Y.-based manufacturer of premium frozen dough and other bakery products primarily for food service applications.