AUSTIN, TEXAS — An affiliate of personal funding agency Peak Rock Capital has accomplished the acquisition of Ziyad Brothers. Monetary phrases of the transaction weren’t disclosed.
Based as a small bakery in 1966 in Chicago, Ziyad has grown into an omni-channel supplier of branded Center Japanese and Mediterranean Meals. The corporate has a product portfolio of greater than 800 stock-keeping models to which might be bought by specialty grocers, supermarkets, nationwide accounts and e-commerce platforms. Its personal branded merchandise embrace packaged fruit, syrup, honey, jam, spices, rice, grains, olives, beans, frozen meals and drinks.
The corporate has distribution amenities in Cicero, Unwell.; Kerney, NJ; and Ontario, Calif.
“Ziyad represents a novel alternative to spend money on an distinctive enterprise and workforce that has differentiated itself because the unparalleled authority on Center East and Mediterranean delicacies,” mentioned Steve Martinez, president of Peak Rock. “Ziyad’s historical past of service and dedication to its companions’ and prospects’ success, coupled with its sturdy and constant observe document of development, make it a great platform funding for Peak Rock. We’re wanting ahead to partnering with the corporate to speed up the execution of strategic development investments.”
Nassem Ziyad, who has been named chief government officer of Ziyad following the transaction, mentioned the transfer positions the corporate for “continued speedy development throughout merchandise, manufacturers and retailers.”
The acquisition of Ziyad Brothers represents Peak Rock’s thirteenth funding within the meals and beverage business lately. Different corporations in Peak Rock’s portfolio embrace Shipley Do-Nut Flour & Provide Co., Halo Meals Ltd., Turkey Hill, Pretzels Inc., Louisiana Fish Fry, TNT Crust, Diamond Crystal Manufacturers, Berner Meals & Beverage and Pure American Meals. Source