M&A Deal Summary

Lipari Foods Acquires Richard M. Heagy Foods

On November 2, 2018, Lipari Foods acquired food company Richard M. Heagy Foods

Acquisition Highlights
  • This is Lipari Foods’ 4th transaction in the Food sector.
  • This is Lipari Foods’ 4th transaction in the United States.
  • This is Lipari Foods’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-11-02
Target Richard M. Heagy Foods
Sector Food
Buyer(s) Lipari Foods
Deal Type Add-on Acquisition

Target

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.

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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 5 of 6
Sector (Food) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (Pennsylvania) 1 of 1
Country (United States) 4 of 5
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-19 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 Tut s International

Dearborn, Michigan, United States

Tut’s International imports and distributes high-quality Middle Eastern and Eastern European foods in North America. The company imports more than 4,000 products from approximately 80 countries, proudly serving over 3,000 grocery retail customers. Tut’s International offers multiple brands including Dobrova, Shahia, and Lebanon Valley across a broad product portfolio including olive oils, pickles, rice, pasta, canned goods, and meat, fish, and dairy products.

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