First Acquisition by Newly Formed Packaged Food/Beverage Holding Company
Palo Alto, CA, Houston, TX, Lafayette, LA, July 1, 2013 — Altamont Capital Partners (Altamont) today announced the acquisition of Richard’s Cajun Foods, a leading manufacturer of authentic Cajun food products, and Blue Ribbon, a leading South East Texas bacon and sausage brand (together the “Companies”) from Atlantic Premium Brands (Atlantic). The acquisition includes the Carlton factory in New Braunfels, TX and the Richard’s factory in Church Point, LA.
Richard’s (pronounced “Reeshards”), founded in 1981, has a portfolio of smoked sausages, ready-to-eat-meals and other traditional Cajun products sold in Louisiana, Texas and other Southeast states. Blue Ribbon, founded in 1948, has a long history as a beloved brand of bacon and sausage in the South East Texas market.
The Companies will form the basis of Tall Tree Foods Holdings Inc., a newly formed holding company led by Altamont’s operating partner Tim Bruer, previously a CEO for several specialty food companies, including Nonni’s Food Co., and prior to that a Vice-President/General Manager for Nestle’s Culinary Products Division. “These are two strong regional brands with the potential for growth in both their current markets and beyond,” commented Tim.
Commenting on the deal, Steve Brownlie, Principal at Altamont said: “Richard’s and Blue Ribbon have incredibly deep roots and a long history in the markets they serve. We are excited to build on the successful history and support the management team in capturing the numerous growth opportunities ahead. We are thrilled to begin our partnership with Tim as CEO, and look forward to building the Tall Tree Foods platform leveraging his experience and expertise.”
ABOUT ALTAMONT CAPITAL PARTNERS
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with approximately $500 million of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm’s principals have significant experience building business success stories across a range of industries, including government services, financial services, consumer/retail, industrials, and healthcare.
ABOUT ATLANTIC PREMIUM BRANDS
Atlantic Premium Brands, Ltd. is a food holding company with a long history of acquiring, growing and divesting specialty meat, food and beverage businesses. Formerly a publicly traded company, the stock is now principally owned by a group of private investors.
For further information:
Brunswick Group on behalf of Altamont
415 671 7676