Nestle Sells Joseph's Pasta Biz

JPC Acquisition Co. has acquired Joseph's Pasta Company from Nestle Prepared Foods Company.

January 6/Greenwich, Conn./PRNewswire -- Brynwood Partners VII L.P. announced its newly formed portfolio company, JPC Acquisition Co., has acquired Joseph's Pasta Company from Nestle Prepared Foods Company. Nestle acquired Joseph's in 2006. Terms and conditions of the transaction were not disclosed.

The Joseph's business, headquartered in Haverhill, Mass., is a manufacturer and marketer of premium frozen stuffed pasta for the foodservice segment. Joseph's incorporates time-honored recipes and methodologies to make a wide range of superior pasta and sauces products that inspire innovation and customer loyalty. Its artisan products include stuffed cannelloni, stuffed ravioli, stuffed tortellini, gnocchi, and manicotti. Joseph's premium products are differentiated from its competitors' offerings as the company only uses the highest-quality pasta and freshest ingredients. The business employs over 300 individuals.

"We are pleased to announce the acquisition of Joseph's from Nestle," said Henk Hartong, senior managing partner, Brynwood Partners. "Joseph's manufactures delicious and unique products in its state-of-the-art manufacturing facility. We are excited about the opportunity to accelerate innovation and explore new distribution channels. We look forward to investing in the business and working with Joseph's loyal and talented employees to grow and enhance the business. I would like to thank the Nestle team for its partnership and assistance in transitioning the business."

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