Greenwich, Connecticut-based private equity firm Littlejohn & Co., LLC, announced it has completed the recapitalization of CTI Foods Holding Co., LLC, a Wilder, ID-based supplier of precooked, frozen and fresh food products to quick service and casual dining restaurant chains.
Commenting on the deal, CTI Foods CEO Kirk Smith, was quoted as saying: “This is an ideal alliance between our experienced management composed of foodservice industry veterans and a highly successful investment team who have prior success investing in our industry.
“Littlejohn will bring additional resources to the table enabling us to continue in helping drive the business of our very valued customers”.
Littlejohn Managing Director Steven Raich, added: “We are extremely pleased to be participating in the recapitalization of the company and supporting its first class management team and employees.
“We will work with this creative team to enhance their customer relationships by broadening CTI’s product capabilities and geographic reach”.
The company also operates four state-of-the-art food processing facilities located in Idaho, California and Texas.