Alantra advised LaSalle Capital on the sale of DeIorio Foods
SECTORFood & Beverage
Alantra is pleased to announce the sale of DeIorio Foods, Inc., a portfolio company of LaSalle Capital, L.P., to Rudolph Capital, LLC, an independent sponsor. The deal closed on July 18, 2019, and the value was not disclosed. Based in Utica, NY, DeIorio is a leading supplier of premium quality, differentiated frozen pizza dough and breadstick products sold to well-known national and regional customers within the foodservice and retail channels. The company has a reputation for crafting high quality and reliable products which are customized to meet exacting demands from branded, co-manufacturing, and private label customers. DeIorio offers a variety of products including dough balls, sheeted dough, breadsticks, topped pizza, gluten-free and par-baked items. In addition, they operate a dedicated, fully-segregated and certified gluten-free production line. Gluten-free products are an area of rapid growth for the company, and the facility has significant capacity to expand further. Under the new ownership, DeIorio will seek to continue its 95-year track record of success, pursuing both organic and acquisitive growth opportunities.
“LaSalle was an excellent steward over DeIorio’s transformation from a high-quality regional player into a world class organization capable of very effectively serving key national accounts,” said Jeff Robards, Managing Director and global head of consumer foods at Alantra. “We were honored to assist them in finding the best partner for their next phase of growth and development.” Josh Garver, Director with Alantra, added, “Alantra’s consumer foods team is pleased to have helped DeIorio and LaSalle achieve this milestone, and it furthers our track record of transaction execution across the commercial bakery, prepared foods, packaged foods, and snack foods categories.”
The Alantra transaction team included Mr. Robards, Mr. Garver, Tom Kulesa (Analyst) and Gardiner Schroeder (Analyst) with the firm’s Boston office.