M&A Deal Summary

Gourmet Culinary Partners Acquires Holiday Foods

On March 3, 2020, Gourmet Culinary Partners acquired food company Holiday Foods from Schwan s Company

Acquisition Highlights
  • This is Gourmet Culinary Partners’ 3rd transaction in the Food sector.
  • This is Gourmet Culinary Partners’ 3rd transaction in the United States.
  • This is Gourmet Culinary Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2020-03-03
Target Holiday Foods
Sector Food
Buyer(s) Gourmet Culinary Partners
Sellers(s) Schwan s Company
Deal Type Divestiture

Target

Holiday Foods

Hollywood, Florida, United States
Holiday Foods is a developer and marketer of appetizers and hors d’oeuvres with national distribution and strong presence among broad-line distributors, serving luxury hotels, private clubs, banquet houses, and caterers.

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Buyer(S) 1

Buyer

Gourmet Culinary Partners

Atlanta, Georgia, United States

Category Company
Sector Food
DESCRIPTION

Gourmet Culinary Partners is a holding company organized by AUA Private Equity Partners to acquire interests in, and partner with, premium specialty food manufacturers in the U.S. that focus on culinary solutions for customers across the foodservice and retail sectors. Gourmet Culinary Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 3 of 3
Sector: Food M&A 3 of 3
Type: Divestiture M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Van-Lang Enterprises

Countryside, Illinois, United States

Van-Lang Enterprises, Inc. is a manufacturer and distributor of appetizers and hors d’oeuvres with national distribution and strong presence in the Midwest with self-distribution capabilities in the Chicago marketplace. Van-Lang serves luxury hotels, private clubs, specialty distributors, banquet houses, and caterers. Van-Lang Enterprises was founded in 1986 and is based in Countryside, Illinois.

Buy -

Seller(S) 1

SELLER

Schwan s Company

Marshall, Minnesota, United States

Category Company
Founded 1952
Sector Food
Employees12,000
Revenue 3.0B USD (2018)
DESCRIPTION

Schwan’s Company is a frozen food company that operates nationwide frozen food manufacturing infrastructure and sales network. The Company has 17 manufacturing facilities and 10 distribution centers in the US, and competes with global food companies including Nestlé in the frozen pizza, frozen pie, and frozen Asian appetizer categories with #1 or #2 in market shares.


DEAL STATS #
Overall 4 of 4
Sector: Food M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: Florida M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-25 Schwan’s Home Service

Marshall, Minnesota, United States

Schwan’s Home Service markets and distributes more than 300 high-quality frozen foods through home-delivery and mail-order services. Popular product lines include the company’s Signature™ ice cream, pizza, premium meats and seafood, ethnic specialties, breakfast items and desserts. Based in Minnesota, Schwan’s has 400 local sales and distribution centers across the continental United States.

Sell -