IRWINDALE, Calif., April 10 /PRNewswire/ -- Ready Pac Foods, Inc.
("Ready Pac" or the "Company") announced today that it has received a
strategic investment from Bayside Capital, a leading private equity firm.
Ready Pac is an industry recognized innovator of fresh cut produce and
fresh prepared foods with facilities located throughout the United States.
The Company has been delivering the highest quality packaged salad, fruits
and vegetables for over 30 years. Terms of the transaction were not
Ready Pac Chairman and CEO Dennis Gertmenian commented, "We are excited
to partner with a premier private equity firm to help facilitate our
growth. Bayside's investment allows us to accelerate our 38 year history of
partnering with our customers to bring high quality innovative new products
to market while providing excellent service."
Bayside views our investment in Ready Pac as a flagship investment in
the fast growing fresh prepared foods industry segment. We will leverage
our financial resources to enhance the company's operational excellence and
industry leadership," said Tiffany Kosch of Bayside Capital. "The Company
has an outstanding management team, leading market position and, with our
resources, is well-positioned to capitalize on the many opportunities
created by the strong customer demand for its products," added Anthony
DiSimone of Bayside Capital.
About Bayside Capital
Bayside Capital is an affiliate of H.I.G. Capital, a leading private
equity investment firm specializing in acquisitions and recapitalizations
of middle market businesses. Based in Miami, Florida, and with offices in
Atlanta, Boston, and San Francisco, the firm is one of the most active
private equity investors in small and medium-sized companies. H.I.G.
manages in excess of $3 billion of committed equity capital to support its
For more information, visit www.readypac.com.
SOURCE Ready Pac Foods, Inc.