Quirch Foods has acquired Colorado Boxed Beef (CBBC) from Altamont Capital Partners, a merger which it claims creates a leading US distributor of protein and ethnic food products.
Founded in 1975, CBBC’s protein product offerings include brands such as High River Angus and Smokey Ridge, which it supplies to ethnic grocers and food service distributors. The company has a national and international footprint with facilities in Florida, Georgia, Oregon, Pennsylvania, Texas, and Washington.
Palladium Equity Partners-owned Quirch Foods says the deal will broaden its core domestic US retail business, in addition to increasing its ability to service the foodservice distributor channel.
The transaction also comes shortly after Quirch Foods made its first acquisition with Tennessee-based protein distributor Butts Foods.
The deal – which was made for an undisclosed sum – will see CBBC join Butts Foods, along with Quirch’s family of operating companies including Pacific Foods Distributors, E.J. Foods Opco and The Great Fish Co.
“With Colorado Boxed Beef and its operating companies now part of our unique portfolio of leading protein companies, we have increased our core domestic retail business and expanded into new geographies and channels,” said Frank Grande, president and CEO of Quirch Foods.
He added: “As a result, we are delivering a broader and more diverse product offering, including a number of new brands, that will help our customers differentiate and grow their businesses.”
Altamont Capital Partners originally invested in CBBC in 2017 and will retain an equity stake.
Following the merger, Grande will lead the combined company. Meanwhile, John Rattigan Jr, president and CEO of CBBC, has been named chief growth, strategy and M&A officer.
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