Ready Pac Foods, Inc. Announces Investment by Bayside Capital

    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
 disclosed.
     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
 investment activities.
     For more information, visit www.readypac.com.
 
 

SOURCE Ready Pac Foods, Inc.

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