Steadfast Capital Fund III, LP, acquired a stake in Hermesmeyer Group, a German manufacturer of meat products.
The amount of the deal was not disclosed.
Together with Frank Hermesmeyer, who continues to be the CEO and a stakeholder in the group, Steadfast Capital will support the group’s regional expansion as well as the ongoing strategic and personnel development of the company.
Founded by the Hermesmeyer family in the 1960s and managed by Frank and Dirk Hermesmeyer, Hermesmeyer is a manufacturer of meat products (primarily sausages) and a wholesale distributor of items for the food industry. Headquartered in Mülheim an der Ruhr (North Rhine-Westphalia), the business operates its own logistics fleet specialising in delivery to small restaurants and wholesalers, mainly in NRW.
The group offers a product range of approximately 2,000 food and non-food products, comprising own and third-party brands as well as private label goods.