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IRWINDALE, Calif. -- Ready Pac Foods, Inc. here said it has received a strategic investment from Bayside Capital, a leading private equity firm, terms of which were not disclosed.
Ready Pac chairman and c.e.o. Dennis Gertmenian said Bayside's investment will allow the company "to accelerate our 38 year history of partnering with our customers to bring high quality innovative new products to market while providing excellent service."
"Bayside views our investment in Ready Pac as a flagship investment in the fast growing fresh prepared foods industry segment," said Tiffany Kosch of Bayside Capital, noting that the investment firm intends to leverage its financial resources to enhance Ready Pac's operations and industry leadership.
Miami, Fla.-based Bayside Capital is an affiliate of H.I.G. Capital, a leading private equity investment firm specializing in acquisitions and recapitalizations of middle market businesses.