November 12, 2010
Affiliates of Main Street Capital Holdings and Sun Capital Partners Acquire Harry’s Fresh Foods
Producer of Fresh High-Quality Refrigerated Foods to the Retail and Foodservice Markets
PITTSBURGH, PA – November 12, 2010 – Main Street Capital Holdings, L.L.C. a private investment firm specializing in acquisitions of growth-oriented companies, today announced that it has partnered with an affiliate of Sun Capital Partners, Inc. to acquire Harry’s Fresh Foods, a producer of premium refrigerated foods, from Basic American, Inc. Terms of the deal were not disclosed.
Harry’s Fresh Foods is a leading producer of chef-inspired refrigerated and packaged foods that serve the retail and foodservice markets with soups, entrées, sides, sauces and desserts produced at its state-of-the-art manufacturing facility in Portland, Oregon. Its products are made from high quality ingredients with no preservatives, artificial ingredients or food colorings. Harry’s customers include wholesale club stores, grocers, national restaurant chains, distributors and select other outlets in the U.S. and Canada.
“Harry’s Fresh Foods is a well established brand with significant growth potential from an operational as well as a geographic standpoint,” said Anthony Polazzi, Principal of Sun Capital Partners. “There are also potential synergies between Harry’s and some of our other food and packaging portfolio companies, which we may consider exploring.”
“Harry’s is a highly innovative and responsive provider of refrigerated food products to its customers,” said Dennis Prado, Principal of Main Street Capital Holdings. “We plan to build off these core strengths by continuing to work closely with customers to quickly develop innovative home meal and menu solutions for the consumer.”