Harris Williams & Co. advises Eatem Foods Corporation on its sale to Linsalata Capital Partners
Harris Williams & Co. announces the sale of Eatem Foods Corporation (Eatem) to Linsalata Capital Partners (Linsalata). The transaction closed on February 1, 2010. Harris Williams & Co. acted as the exclusive advisor to Eatem Foods. The transaction was led by Glenn Gurtcheff, Tim Alexander and Ryan Budlong from the firm's Minneapolis office.
"Eatem has an extraordinary track record of delivering growth and the highest levels of flavor system innovation and quality for many of the world's largest food manufacturers. Eatem's partnership with Linsalata Capital represents a tremendous outcome for all parties involved and we look forward to watching the success of Eatem as it continues to grow. We continue to see strong M&A deal flow in the food ingredients market, with both strategic and financial buyers attracted to the stable long term growth dynamics of the sector," said Glenn Gurtcheff, managing director at Harris Williams & Co.
Eatem, a family-owned business headquartered in Vineland, New Jersey, is a leading manufacturer of innovative and healthy savory flavor systems for the industrial food trade. The company's flavor systems provide the basic flavor profile for many of the most well known branded and private label food products.
Linsalata, based in the Cleveland suburb of Mayfield Heights, Ohio, was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate growth of middle market companies. Linsalata Capital Partners is currently investing from its sixth fund, with $425 million in committed equity capital.