M&A Deal Summary

Lipari Foods Acquires Jerusalem Foods

On October 19, 2018, Lipari Foods acquired food company Jerusalem Foods

Acquisition Highlights
  • This is Lipari Foods’ 3rd transaction in the Food sector.
  • This is Lipari Foods’ 3rd transaction in the United States.
  • This is Lipari Foods’ 1st transaction in Michigan.

M&A Deal Summary
Date 2018-10-19
Target Jerusalem Foods
Sector Food
Buyer(s) Lipari Foods
Deal Type Add-on Acquisition

Target

Jerusalem Foods

Dearborn, Michigan, United States
Jerusalem Foods began with the vision of founder Albert Batshon, who owned and operated the highly successful Falafil Palace restaurant in Ann Arbor, Michigan. In 1976, Albert established Jerusalem Foods and his restaurant based production company grew into a 2,000 sq ft facility located in Westland, Michigan. His business and reputation grew, and in 1988 Jerusalem Foods moved to a 15,000 sq ft facility in Redford, Michigan, followed in 2003 by a move to a 70,000 sq ft facility in Dearborn, Michigan.

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Buyer(S) 1

Buyer

Lipari Foods

Warren, Michigan, United States
Category Company
Founded 1963
Sector Distribution
DESCRIPTION

Lipari Foods is a distributor of perimeter-of-the-store, specialty, and branded food products, serving over 6,300 customers throughout the Midwest and beyond. The Company’s products span the deli, bakery, dairy, specialty retail, seafood, packaging, confections, ethnic, and organic categories, providing customers with the broadest selection of largely perishable on-trend, perimeter-of-the-store, and specialty products. Lipari Foods was founded in 1963 and is based in Warren, Michigan.

DEAL STATS #
Overall 4 of 6
Sector (Food) 3 of 4
Type (Add-on Acquisition) 3 of 5
State (Michigan) 1 of 2
Country (United States) 3 of 5
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Jim s Cheese

Waterloo, United States

Jim's Cheese LLC is a food distributor. Jim's Cheese is based in Waterloo, United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Richard M. Heagy Foods

Lancaster, Pennsylvania, United States

Richard M. Heagy Foods, Inc. produces and distributes cheeses, deli meats, and frozen food products for independent grocery stores, corporate chains, retailers, and wholesalers.

Buy -
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