H.I.G’s Lipari Foods acquires Ohio-based food distributor Troyer

Lipari Foods acquisition of Troyer : Lipari Foods, a portfolio company of H.I.G. Capital, has wrapped up its acquisition of Ohio-based Troyer Cheese, Troyer Bros. Trucking and Amish Wedding Foods (collectively called Troyer).

Established in 1959, Troyer is a specialty food distributor, manufacturer, and processor based in Millersburg in Ohio.

The food company is mainly involved in the distribution, processing, and manufacturing of specialty food products such as deli, cheese, jar goods, confections, and others.

Troyer serves 2,400 grocery retail customers in 48 US states, providing them various brands like Troyer cheeses, meats, and deli products, Amish Wedding Foods’ jar goods, Backroad Country snacks and candy, and Edna Lucille lotions and soaps.

Lipari Foods acquisition of Troyer . Image courtesy of Stuart Miles/Freedigitalphotos.net.

Commenting on Lipari Foods acquisition of Troyer, Thom Lipari – President and CEO, said: “We are excited about the addition of Troyer’s unique product offerings into our existing portfolio. Troyer is an excellent strategic fit that builds on Lipari’s heritage in deli, dairy, confectionary, and other specialty food categories.

“Additionally, we are eager to continue building our specialty food manufacturing capabilities and look forward to extending our geographic reach further across the Midwest.”

Lipari Foods acquisition of Troyer marks the second add-on acquisition completed by the former after its acquisition by H.I.G. Capital last month and is part of a larger merger and acquisition-oriented growth strategy.

Justin Reyna – Managing Director at H.I.G. Capital, commenting on Lipari Foods acquisition of Troyer, said: “We are pleased to support Lipari in its acquisition of Troyer. This transaction fits squarely within the Company’s strategy of acquiring unique and complementary food manufacturing and distribution businesses in existing and adjacent markets. We are excited to partner with the Troyer team as we continue to grow the Lipari business.”

Lipari Foods is a Michigan-based distributor, manufacturer, and importer of specialty, and branded food products, serving more than 6,300 customers in the Midwest and beyond. The company supplies deli, bakery, dairy, specialty retail, seafood, confections, and organic food and beverage products to more than 13,000 retail locations in 14 US states.