Beef International Inc., a custom manufacturer of premium meat products, has retained Equity Partners HG to explore strategic options for the company, including a partnership, investment, or a sale of some or all of the business.
Founded over 35 years ago, the company specializes in manufacturing roast beef, corned beef, pastrami, shredded beef and pot roast, as well as specialty pork products including ribs, osso buco, and shredded pork.
Located just outside Philadelphia, BI operates out of a 36,000 sq. ft. facility and is SQF level 2 and Halal certified. With an in-house R&D team that works directly with restaurants’ or distributors’ culinary teams, the company has the unique ability to manufacture product based on the expectations and specifications of individual customers. This includes everything from different flavor profiles to different pack sizes.
Kevin Ingraldi, President of Beef International, stated “We are working to differentiate ourselves from other processors by providing our clients with custom offerings and the custom products business is growing at a healthy rate with multiple new product offerings this year. We are investing in our plant to ensure that we continue to produce the highest quality products, in an efficient and cost-effective manner.”
A sizeable investment was recently made to increase automation and efficiency, but long-term strategic plans for the company have necessitated additional capital and ownership is actively exploring options. Matt LoCascio, a managing director at Equity Partners HG, says that “Beef International has been a market leader for over 35 years and has maintained a stellar reputation in the industry by providing excellent products and service to major food distributors and end users, including well-established restaurant chains and specialty foodservice providers. The company is well positioned for the future with a seasoned management team and solid workforce. We are excited to work with such a great group and applaud ownership’s decision to proactively pursue strategic options for the business. They are looking forward to another 35 years of continued service and success.”
Ingraldi added “We have retained Equity Partners to ensure all options are explored that will allow the company to be properly capitalized and well positioned to grow with our customers and continue to provide offerings consistent with our storied legacy. Many years ago, I followed my father into the business and have spent my entire adult life as a part of this team. I’m excited to see what the next chapter holds for us. ”
Source: Equity Partners