Specialty food purveyor Roland Foods said Monday that it has acquired IfiGourmet, an importer and distributor of bakery, pastry, confectionery, and ice cream products. The transaction terms were not disclosed.
IfiGourmet will be combined with AUI Fine Foods, Roland Foods’ sweets division. The company's owner and CEO Rick Brownstein will remain with the company.
“Joining AUI Fine Foods and the Roland Foods’ family will provide ifiGOURMET with the resources and relationships needed to take our organization to the next level,” said Brownstein in a statement. “Roland Foods and AUI share our culture and strong commitment to customer service and deeply understand our business, and we’re excited about the future.”
The dessert importer serves more than 1,500 in-store bakery, restaurant chain, and foodservice customers nationwide. It operates distribution centers in Chicago and San Francisco.
“This strategic acquisition will strengthen AUI Fine Foods’ footprint in the key Chicago and San Francisco markets and expands our sweet product offering, which will allow us to better serve existing and new customers nationwide,” said Keith Dougherty, CEO of Roland Foods, in a statement. “We believe tremendous opportunities exist in the gourmet food and ingredients market today, and the addition of the ifiGOURMET team will better position Roland Foods for growth.”
Roland Foods is a portfolio company of private equity firm Vestar Capital Partners.
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Image: Roland Foods