Ziyad Brothers, a US-based producer of branded Heart Japanese and Mediterranean meals, has been bought via an associate of native private-equity company Height Rock Capital for an undisclosed sum.
The deal is Texas-based Height Rock’s thirteenth funding within the meals, beverage and client industries lately. It has bought the industry in partnership with the corporate’s control group and the Ziyad circle of relatives.
Chicago-based Ziyad, which has been in industry for greater than 50 years after beginning as a small bakery, has a portfolio of greater than 800 SKUs which might be bought by way of quite a lot of channels together with supermarkets, native speciality grocers and e-commerce platforms.
Ziyad’s personal emblem line-up options dairy, hummus, spices, rice and grains, frozen meals, together with meat, spreads and drinks.
Past its house town, Ziyad has further amenities in New Jersey and California.
Steve Martinez, president of Height Rock, mentioned: “Ziyad represents a novel alternative to put money into an outstanding industry and group that has differentiated itself because the remarkable authority on Heart East and Mediterranean delicacies.
“Ziyad’s historical past of provider and determination to its companions’ and consumers’ good fortune, coupled with its sturdy and constant monitor file of expansion, make it a super platform funding for Height Rock. We’re taking a look ahead to partnering with the corporate to boost up the execution of strategic expansion investments.”
Nassem Ziyad, who has been named CEO of the industry following the transaction, mentioned: “For generations, our circle of relatives has been proud to serve our emblem companions, retail consumers, and native communities. After an exhaustive seek, it used to be transparent that Height Rock used to be the appropriate spouse as we start this subsequent expansion section.
“Height Rock actually understands our industry, our heritage, and our determination to supporting our spouse manufacturers and consumers. We look ahead to our partnership, which can place Ziyad for persevered fast expansion throughout merchandise, manufacturers and outlets.”
Among different meals companies, Height Rock owns US ice-cream company Turkey Hill. In September 2020, it bought UK snack-bar maker Halo Meals.
