M&A Deal Summary

Lipari Foods Acquires Tut s International

On January 13, 2021, Lipari Foods acquired distribution company Tut s International

Acquisition Highlights
  • This is Lipari Foods’ 2nd transaction in the Distribution sector.
  • This is Lipari Foods’ 5th transaction in the United States.
  • This is Lipari Foods’ 2nd transaction in Michigan.

M&A Deal Summary

Date 2021-01-13
Target Tut s International
Sector Distribution
Buyer(s) Lipari Foods
Deal Type Add-on Acquisition

Target

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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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 6 of 6
Sector: Distribution M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: Michigan M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2021 M&A 1 of 1
PREVIOUS 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.

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