Menlo Park, California – Salt Creek Capital is pleased to announce the recently completed acquisition of LM Foods, a leading supplier of surimi seafood products located in Carteret, New Jersey. Founded in 1995, LM Foods serves both retail and manufacturing customer bases around the world.
“We are thrilled to have completed the acquisition of LM Foods”, stated Jon Beizer, Managing Director of Salt Creek Capital. “We look forward to working with the management team and our Executive Partner, Mr. Mark Olivito, to position the company for continued growth and success. Mark brings unique talent to the organization which will help take this business to the next level.”
Mr. Olivito, incoming-President and CEO of LM Foods, stated “I am excited to partner with Salt Creek, a firm with a strong track record of working closely with management teams, on the acquisition of LM Foods. LM Foods represents an industry leading company with several growth opportunities. I look forward to partnering with LM Food’s long-tenured management team to continue to serve our loyal customers and satisfy their evolving needs.”
About LM Foods
Founded in 1995, LM Foods is a leading supplier of surimi-based seafood products to its worldwide customer base. The Company’s philosophy has always been to provide customers with high value surimi seafood products and excellent service they can depend on year after year. The company prides itself on being a flexible manufacturing partner with a highly responsive business model. More information is available at http://www.lmfoods.com.
About Salt Creek Capital
Salt Creek Capital is a San Francisco Bay Area-based private equity firm focused on executive-led buyouts of profitable companies with $3M – $50M in revenue. Salt Creek takes a long-term approach to investing in lower middle market businesses and seeks to create value by working closely with management teams to accelerate growth and to improve the operating efficiency of its portfolio companies. More information is available at http://www.saltcreekcap.com.
Source: Salt Creek Capital
