Sandy Hill Investors has made a minority investment in Seviroli Foods and Vertullo Imports, as it expands its portfolio of companies in the food industry.
Long Island-based Seviroli produces a range of filled pasta, sauces and Italian desserts, among other products. New York-based Vertullo is a “high-end importer” that sources food products from around the world.
“We are excited about our partnership with Sandy Hill and Mill Point as we look to the company’s next stage of growth. We believe this partnership will add significant value as we continue to build on our family’s legacy,” said Seviroli CEO, Joseph Seviroli.
Sandy Hill’s stake, together with a majority investment from Mill Point Capital and the continued leadership of Seviroli and Paul Vertullo – who will continue to operate the companies and have a significant ownership stake in the new partnership, is set to help the companies grow.
“Across the decades, and generations, these family-owned companies have established a reputation for quality and innovation that gives them enormous potential to grow market share,” said Sandy Hill chairman, Matthew J Bruderman. “This exciting partnership involving Mill Point Capital and those whose passion and hard work have built these companies will help create a powerful food brand.”
As part of the investment, Sandy Hill will have a seat on the board of directors of the new combined company.
Financial terms of the deal were not disclosed.
© FoodBev Media Ltd 2022
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