Patriot Pickle, a Swander Pace Capital portfolio company, has acquired the pickle assets of Farm Ridge Foods.
Farm Ridge Foods is a producer of branded, private label, and third-party branded prepared foods including olives, pickles, salads and entrees that are sold through supermarkets, restaurants and delis. The company is headquartered in Islandia, New York.
Patriot Pickle is a maker of pickles and other fermented products including sauerkraut, peppers, and pickled green tomatoes. The company’s branded – K&Z, Regal Crown Foods, Natural Harvest, PickleAde – and private label products are sold through the foodservice market to distributors, restaurant chains, supermarkets, and delis.
Patriot Pickle was founded in 2004 and operates from an 86,000 square foot manufacturing and headquarters facility in Wayne, New Jersey.
“This is an exciting time to be a leader in fresh pickle manufacturing,” said Bill McEntee, the CEO of Patriot Pickle. “The acquisition of Farm Ridge Foods is a key step towards rounding out and building up our internal retail sales capabilities. Fresh, refrigerated pickles are a key growth area for our retail and foodservice partners, and we are excited to be able to better serve them more directly with this acquisition.”
“The Farm Ridge Foods acquisition is a value-enhancing add-on for the Patriot Pickle investment platform and strengthens our position in the pickle category,” said Corby Reese, a managing director at Swander Pace. “We will continue to look for interesting investment opportunities within the fermented foods and pickled vegetable category to further establish Patriot Pickle as a leading fermented foods platform.”
Swander Pace invests in middle-market consumer products companies that have revenues of up to $500 million. Sectors of interest include food and beverage, body and wellness, and home and family. The firm was founded in 1996 and has offices in San Francisco, California and Bedminster, New Jersey.
© 2022 Private Equity Professional | May 3, 2022
