M&A Deal Summary

Brynwood Partners Acquires Joseph s Gourmet Pasta

On January 6, 2014, private equity firm Brynwood Partners acquired food company Joseph s Gourmet Pasta from Nestlé Prepared Foods Co.

Acquisition Highlights
  • This is Brynwood Partners’ 8th transaction in the Food sector.
  • This is Brynwood Partners’ 16th transaction in the United States.
  • This is Brynwood Partners’ 3rd transaction in Massachusetts.
Investment Fate
  • Joseph s Gourmet Pasta was sold to a consortium of financial buyers in 2019.
  • Joseph s Gourmet Pasta was sold to a strategic buyer in 2025.

M&A Deal Summary

Date 2014-01-06
Target Joseph s Gourmet Pasta
Sector Food
Buyer(s) Brynwood Partners
Sellers(s) Nestlé Prepared Foods Co.
Deal Type Divestiture

Target

Joseph s Gourmet Pasta

Haverhill, Massachusetts, United States
Joseph's Gourmet Pasta is a manufacturer and marketer of premium frozen stuffed pasta for independent restaurants and national chains and the foodservice, retail and industrial channels. Joseph's Gourmet Pasta was founded in 1991 and is based in Haverhill, Massachusetts.

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Buyer(S) 1

Buyer

Brynwood Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Brynwood Partners is a private equity firm that makes control investments in lower mid-market companies. The Firm has a preference for companies that are underperforming and/or undervalued, failed leveraged buy-outs or businesses that are under-financed and in need of an equity infusion. Target sectors include consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. The Firm looks for opportunities valued between $25 and $500 million. Brynwood was formed in 1984 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 17 of 25
Sector: Food M&A 8 of 13
Type: Divestiture M&A Deals 7 of 12
State: Massachusetts M&A 3 of 3
Country: United States M&A 16 of 24
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-02 DeMet s Candy Co.

Stamford, Connecticut, United States

DeMet's Candy Co. manufacturer and marketer of Turtles, Flipz, Treasures, Stixx, and TrueNorth snack brands.

Sell $221M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Harvest Hill

Stamford, Connecticut, United States

Harvest Hill is a manufacturer and marketer of the Juicy Juice, SunnyD, Veryfine, Fruit2O, Hug, Big Burst, Guzzler 100% juice, juice drinks and flavored water brands, as well as the Daily's cocktails brand and the nutrament nutritional energy drink brand. Harvest Hill was founded in 2014 and is based in Stamford, Connecticut.

Buy -

Seller(S) 1

SELLER

Nestlé Prepared Foods Co.

Cleveland, Ohio, United States

Category Company
Sector Food
DESCRIPTION

Nestle Prepared Foods Co, Inc. produces frozen nutritious meals, sandwiches, snacks, and refrigerated pastas and sauces.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-21 Joseph s Gourmet Pasta

Haverhill, Massachusetts, United States

Joseph's Gourmet Pasta is a manufacturer and marketer of premium frozen stuffed pasta for independent restaurants and national chains and the foodservice, retail and industrial channels. Joseph's Gourmet Pasta was founded in 1991 and is based in Haverhill, Massachusetts.

Buy -