Transaction designed to boost investment in growth opportunities across all businesses
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.