Leading private equity firm Thomas H. Lee Partners LP and an affiliate of Goldman Sachs & Co announced that a final agreement has been signed that would lead to the acquisition of CTI Foods from its former owner, Littlejohn & Co. LLC.
CTI is a leading service provider of customized food solutions for major restaurant chains in North America. These products include value added proteins, soups and dressings focused on flavor and innovation.
According Robert 'Bobby' Horowitz, CEO of CTI, "We at CTI Foods are excited to announce this partnership with THL and Goldman Sachs. In the past years, CTI has steadily expanded through organic growth, targeted and strategic acquisitions, and a commitment to R&D and innovation. The company has a compelling growth path and a well-defined offering of value-added food products. As we look to the next phase of our growth, we couldn't be more pleased to be partnering with THL and Goldman Sachs, investors who share our commitment to our customers, and bring exceptional financial and industry expertise that will help propel us to the next level."
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