Altamont Capital Partners announced the acquisition of Richard's Cajun Foods, a leading manufacturer of authentic Cajun food products, and Blue Ribbon, a leading South East Texas bacon and sausage brand from Atlantic Premium Brands. The acquisition includes the Carlton factory in New Braunfels, Texas and the Richard's factory in Church Point, La.
Richard's (pronounced "Reeshards"), founded in 1981, has a portfolio of smoked sausages, ready-to-eat-meals and other traditional Cajun products sold in Louisiana, Texas and other Southeast states. Blue Ribbon, founded in 1948, has a long history as a beloved brand of bacon and sausage in the South East Texas market.
The companies will form the basis of Tall Tree Foods Holdings Inc., a newly formed holding company led by Altamont's operating partner Tim Bruer, previously a CEO for several specialty food companies, including Nonni's Food Co., and prior to that a Vice-President/General Manager for Nestle's Culinary Products Division.
"These are two strong regional brands with the potential for growth in both their current markets and beyond," Bruer commented.
Commenting on the deal, Steve Brownlie, Principal at Altamont said: "Richard's and Blue Ribbon have incredibly deep roots and a long history in the markets they serve. We are excited to build on the successful history and support the management team in capturing the numerous growth opportunities ahead. We are thrilled to begin our partnership with Tim as CEO, and look forward to building the Tall Tree Foods platform leveraging his experience and expertise."
Source: Altamont Capital Partners