MidOcean Partners (“MidOcean”), a New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments, announced that it has acquired QualiTech, a family-owned global manufacturer of plant nutrition, animal nutrition and food ingredient products and services. The transaction, which transfers ownership of the company to MidOcean from the Ploen family, is designed to pave the way for new investment to expand capabilities and capacity, and to drive new levels of growth. Terms of the transaction were not disclosed.

Founded in 1967 and headquartered in Chaska, Minn, QualiTech produces a variety of savory blends for consumer food products, vitamins and minerals for pet and livestock feed, and specialty nutrition for plants. With a rich 50-plus-year history of developing innovative solutions, and a longstanding commitment to quality, technology, and service, QualiTech is well-recognized for delivering best-in-class ingredients and nutrients that promote the health and wellbeing of people, animals and the environment. 

QualiTech’s business operates across several key focus areas within MidOcean’s food value chain initiative, and MidOcean’s investment in the company follows others it has made in the food and ingredient product industries, including Florida Food Products and Casper’s Ice Cream. MidOcean plans to leverage its food industry knowledge and expertise to support QualiTech’s continued growth through both organic investments in research and development and product innovation, and strategic transactions.