US private-equity firm Insignia Capital Group has snapped up Oregon-based branded meat snacks producer Tillamook Country Smoker for an undisclosed sum.
The third-generation family-owned business manufactures and sells real hardwood smoked jerky, meat sticks and other meat snack products mainly through convenience and grocery retail stores.
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“This investment expands Insignia’s footprint in the food sector into the large and growing meat snacks market,” Insignia CEO David Lowe said. “We plan to leverage our food investment experience and synergies with our other salty snack investments, Truco Enterprises and Century Snacks, to significantly accelerate growth. We also plan to make significant investments in operations that we expect will drive value for all stakeholders.”
Tillamook founder Dick Crossley said the company was “thrilled to partner with the Insignia team in this exciting next phase of the company’s growth”. He added: “We chose Insignia as our partner based on their demonstrated operational and strategic expertise as well as their shared vision for our brand and our community.”
Last July, Insignia acquired two family-owned food companies – Snak Club and New Century Snacks – which manufacture and distribute nuts, train mixes and other similar snacks.
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By GlobalData
