Several Kansas City-area private equity firms are cashing out of a majority ownership slice in refrigerated pizza-maker MaMa Rosa’s Pizza LLC.
The stake went to Huntsman Gay Global Capital, a Palo Alto, Calif., private equity firm. Huntsman said Thursday that it used its debut $1.1 billion fund to buy the company. Terms of the deal, which closed this week, were not disclosed.
That 2006 investment had been led by Prairie Village-based Plaza Belmont Fund II LLC, which specializes in food manufacturing business investments, and included several other local entities.
MaMa Rosa’s, which was formed in 1979 and is based in Sidney, Ohio, sells more than 3 million cases of pizzas a year to more than 10,000 stores in the United States and Mexico. Its other brands include Mama Angelina’s, Our Old Italian and Lean Lifestyle.
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