Louisiana Fish Fry, a US company specializing in products from the southern state of the same name, was sold to local private equity firm MidOcean Partners for an undisclosed amount.
It was acquired by a subsidiary of another U.S. investment group, Peak Rock Cital, which bought the company from the family of founding shareholders in 2018.
Louisiana Fish Fry, headquartered in Baton Rouge, founded in 1982 by the Pizzolato family, manufactures and sells branded coatings, sauces, condiments, condiments, marinades and bases to grocers, bulk retailers and food service distributors.
MidOcean, based in New York, aims to accelerate the company’s growth and “add value through comprehensive organic initiatives and strategic mergers and acquisitions”.
Louisiana Fish Fry CEO Michael Morse, the former McCormick & Co. executive who joined after the Peak Rock acquisition, said, “MidOcean has an impressive track record of delivering transformative growth. Their partnership, expertise and industry knowledge will allow us to focus on key areas of our strategy, such as investing in our people and organic sales growth that will result from expanded distribution and product development. „
Daniel Penn, Managing Director of the Acquirer, said, “MidOcean has been researching opportunities in the branded food category for several years and is excited to partner with the exceptional management team at Louisiana Fish Fry for the company’s next phase of growth.
„Our focus in this sector is to partner with DJ Jenson, a MidOcean Operating Partner with over 30 years of industry experience, who will serve as chairman of the Louisiana Fish Fry Board.”
Jenson will join the board of directors with Tony DeLio and Lisa Mann, both of whom have “highly relevant branded food experience,” as well as Dave Moran, a longtime industry manager and investor.