top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Private equity firm EagleTree acquires Summit Hill Foods
FoodBev Media

FoodBev Media

1 December 2023

Private equity firm EagleTree acquires Summit Hill Foods

US-based private equity firm EagleTree Capital has announced the acquisition of cooking sauces and meal ingredients supplier Summit Hill Foods. Founded in 1941, Summit Hill Foods is a food company known for its Better Than Bouillon, The Original Louisiana Brand Hot Sauce and Better Than Gravy brands. In addition to the retail brand portfolio, Summit Hill Foods serves as a flavour-focused solution provider and ingredient supplier to foodservice distributors, manufacturers and restaurants. Summit Hill Foods' operations and management teams will continue in place following EagleTree's investment. According to the firm, some of EagleTree's fund investors, including Misland Capital Limited, also participated in the investment. Steve Goodyear, CEO of Summit Hill Foods, said: “Today, we embark on an exciting new chapter in the history of Summit Hill Foods and are absolutely delighted to join forces with EagleTree, whose vision and resources align seamlessly with our aspirations". "We see incredible opportunity for our brands Better Than Bouillon and The Original Louisiana Hot Sauce in addition to our custom bases and sauces business. EagleTree’s partnership will empower us to accelerate our growth and innovation, expand our market reach and continue providing high-quality products to our customers.” Stuart Martin, partner at EagleTree, added: “We have been fans and customers of Summit Hill Foods’ products for a long time and are equally impressed by the company’s unique culture. Summit Hill Foods’ core values are trusting and valuing their employees, community involvement, a commitment to safety and the relentless pursuit of excellence – values we believe are key to the company’s strong performance. We are proud to be stewards of Summit Hill Foods’ special ethos and are very excited to be a part of the company’s next phase of growth.” Terms of the transaction were not disclosed.

Related posts
DSM-Firmenich offloads yeast business to Lesaffre
Mergers & Acquisitions

DSM-Firmenich offloads yeast business to Lesaffre

EIT Food RisingFoodStars unveils start-up cohort for agri-food-tech initiative
Business

EIT Food RisingFoodStars unveils start-up cohort for agri-food-tech initiative

TDR Capital becomes majority owner of Asda
Retail

TDR Capital becomes majority owner of Asda

Smithfield Foods to acquire dry sausage facility from Cargill
Mergers & Acquisitions

Smithfield Foods to acquire dry sausage facility from Cargill

Campbell explores strategic alternatives for Noosa yogurt brand
Mergers & Acquisitions

Campbell explores strategic alternatives for Noosa yogurt brand

Soli Organic opens new soil-based vertical farm in Texas
Agriculture

Soli Organic opens new soil-based vertical farm in Texas

bottom of page