Amylu Foods receives investment to scale operations, expand footprint
Amylu plans to leverage the investment to scale operations, expand across channels and deliver products to a growing base of consumers nationwide.
Investment management firm TowerBrook Capital Partners, together with growth equity firm Prelude Growth Partners, is announcing an investment in Amylu Foods, a manufacturer of all-natural, value-added protein products. The partnership positions the company to continue building on its more than 100-year history of delivering healthy and convenient specialty protein products to a growing base of retailers and consumers across the US.
Founded in 1924 and headquartered in Chicago, Amylu is a manufacturer of value-added chicken products, including sausages, meatballs and burgers, sold under the Amylu brand and private label. The company's broad portfolio of innovative and flavorful products is tailored to address consumer preferences for all-natural, high-protein options with verifiable health attributes (e.g., organic, antibiotic-free, nitrate-free).
Amylu plans to leverage the TowerBrook partnership to scale operations, further expand across channels and deliver products to a growing base of consumers nationwide.
Steven Zoll, chief executive officer of Amylu, said, "At Amylu, our success has always been built on delivering great-tasting, clean-ingredient products that our consumers genuinely love and trust. This partnership with TowerBrook is the natural next step for our growth strategy, and we're confident they're the right partner to help us expand our business across the nation given their strong track record of scaling food businesses, particularly in the protein space."
"Amylu's long-standing commitment to quality, innovation, and health-conscious convenience has earned it a strong reputation in the industry and outstanding commercial momentum," said Michael Recht, managing director of TowerBrook. "We look forward to partnering with Steve and the Amylu team to continue to build upon the Company's legacy of delivering unique products to its loyal consumers."
Sidley Austin acted as legal counsel to TowerBrook. J.P. Morgan served as financial advisor and Winston & Strawn acted as legal counsel to Amylu. Funds managed by MidCap Financial and Benefit Street Partners acted as joint lead arrangers and bookrunners for the financial facilities together with funds affiliated with Eldridge, Sumitomo Mitsui Banking Corporation, Willow Tree Credit Partners and Stifel.
Source: TowerBrook Capital Partners
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