CHICAGO — Pritzker Personal Capital (PPC) and HF Capital have acquired a major stake in Monogram Food items, a Memphis, Tenn.-based manufacturer of meat snacks, corn canine, frozen appetizers, very hot canine, sausages, precooked bacon and transportable snack and sandwich assembly. Financial phrases of the financial commitment were not disclosed.
Present owners, which includes co-founders Karl Schledwitz and Wes Jackson, and other members of Monogram Foods’ management will stay considerable house owners and will continue to lead the business enterprise, the firms said.
Started in 2004, Monogram operates 10 producing spots across 6 states and has far more than 3,000 staff members, The firm performs a critical role in the provide chain for its co-manufacturing, non-public label and foodservice shoppers.
“Monogram Foodstuff is an established leader in the well prepared foods marketplace with greatest-in-class production abilities and a longstanding commitment to food security, sustainability and social affect,” explained Chris Trick, expenditure companion at PPC. “Monogram is led by a globe-class management staff and has main current market positions in its classes and persuasive possibilities for long-expression progress and enlargement. We are thrilled to associate with Karl and the group and assist Monogram in its future section of expansion.”
Mr. Schledwitz stated PPC is the “ideal partner” to aid Monogram’s following chapter of expansion. Monogram now this yr has obtained Denison, Iowa-based mostly Excellent Food items Processors and declared programs to make a new 135,000-square-foot food items creation plant and distribution middle in Haverhill, Mass. The facility will serve as a distribution middle for Monogram Foods’ output facilities in the Larger Boston location and expects operations to start in April 2022.
“This partnership will help our business improve by means of strategic acquisitions, extend our nationwide facility footprint, reinforce our R&D abilities and provide new opportunities for our proficient group,” Mr. Schledwitz claimed.
PPC associates with center-sector companies based in North America with major positions in the manufactured goods, expert services and health care sectors. The firm’s portfolio features CH Guenther & Son, a producer of a selection of branded and personal label foods goods for foodservice, quick-services cafe, club and retail buyers. PPC obtained San Antonio-based mostly CH Guenther & Son in 2018.
HF Capital invests funds on behalf of the Haslam loved ones, based mostly in Knoxville, Tenn. This involves direct investments in working companies as very well as expense commitments to fantastic administrators of liquid and illiquid investments across a spectrum of asset classes and geographies.