News

Centerview Partners acquires private label pizza brand

November 21, 2010

Centerview Partners, together with members of Richelieu management, have announced that they have acquired Richelieu Foods Inc., a leading producer of private label pizza, salad dressing and other pourable products. Financial terms of the transaction were not disclosed.

Richelieu Foods is a $250 million food manufacturer that supplies premium private label frozen pizza and pourable products to national retailers and foodservice providers. The company has four facilities in the Midwestern US. Richelieu was previously owned by Brynwood Partners.

Richelieu's management, including CEO Vincent Fantegrossi, will remain with the company.  

"Frozen pizza, dressings and sauces are categories we know well," said Jim Kilts, Centerview's co-founder and former CEO of Kraft, Nabisco and Gillette. "From the time we first learned about Richelieu, it was clear to us that the company's innovative products and great service contributed to private label's growth in these categories."