Frozen poultry products manufacturer Maxi Canada has been acquired by Altamont Capital Partners, a San Francisco Bay Area based private investment firm, for an undisclosed price.
Maxi Canada, which is based in St-Lin-Laurentides, Quebec, and founded in 1970, sells its frozen poultry range throughout the US under the Yummy and Dino Buddies brands.
Altamont managing director Casey Lynch said: "Maxi has developed a suite of great tasting and desirable products that consumers love and we are thrilled to partner with the team to continue to deliver great products.
“We believe our industry experience and dedicated operating partners can provide value-added support to management as they continue to pursue growth opportunities."
Through the acquisition, Maxi Canada is said to benefit from the supervision and support headed by Altamont's operating partner Tim Bruer.
The frozen poultry food company will continue its production and its office in St-Lin-Laurentides in spite of the acquisition.
Altamont Capital Partners raised the acquisition amount through funding from the Royal Bank of Canada, National Bank of Canada and Bank of America Merrill Lynch.
Bruer has been made as executive chairman of Maxi Canada and will be responsible to grow it further in the US along with increased development of new offerings.
Bruer added: "The Dino Buddies brand has great growth potential and we look forward to expanding the distribution of existing products as well as exploring new products and adjacencies."
He is also the CEO of Tall Tree Foods, a portfolio company of Altamont, which acquired Kent, Washington based Chinese-style meat products manufacturer The January Company.
Tall Free Foods’ other acquisitions include Blue Ribbon Bacon and Sausage, Richard’s Cajun Foods and Klement’s Sausage Company.
