Contessa acquired by private equity firm

By

SeafoodSource staff

Published on
July 6, 2011

Contessa Premium Foods on Wednesday announced that Sun Capital Partners has agreed to acquire all of its assets through a bankruptcy sale.

The sale was approved on 29 June and is expected to close by mid-July.

“The Contessa management team has built a great business, centered around best-in-class food quality and environmental friendliness,” said Jared Wien, VP at Sun Capital Partners. “Contessa’s already strong market position in the frozen seafood category and its state-of-the-art manufacturing and processing capabilities have enabled the company to capitalize on the growing demand for high-end frozen seafood and convenience meals. We look forward to working with management and our commercial partners to continue to develop the Contessa brand and expand our private label relationships.”

Sun Capital Partners is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 265 companies worldwide with combined sales in excess of USD 40 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles and New York, as well as affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen.

Contessa filed for Chapter 11 bankruptcy protection in late January.

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