 |
|
|
|
| |
|
| |
October 2004 |
|
|
| Acquisition of Violet Packing Company of Williamstown, NJ |
|
< Back to List
|
|
Chicago, IL – LaSalle Capital Group, L.P.
(“LaSalle Capital”) together with Robert J. Ragusa, are
pleased to announce the acquisition of Violet
Packing Company of Williamstown, New Jersey. Violet Packing
Company has been privately owned and operated by the
Sclafani family since 1945 and is a leading regional processor of fresh
packed tomato products including: pizza and spaghetti sauces, crushed
tomatoes and whole tomatoes. Violet’s products are made using only the
freshest tomatoes with no added preservatives, citric acid or corn syrup
providing a unique, all natural and healthy taste profile. The Company’s
tomato products are also rich in lycopene which is known to provide
numerous health benefits. The Company sells its products under the Don
Pepino, Sclafani, and Violet brand names to leading foodservice
distributors, restaurants, and retailers through out the Eastern United
States.
Robert Ragusa, previously Vice President of Sales & Marketing at Can
Corporation of American, will become CEO of Violet Packing Company
and brings substantial sales, marketing, and customer service experience
in the consumer packaging industry to the Company. Additionally, Chip
and Lou Sclafani will remain with the Company and assist in the future
development of the business.
Violet Packing represents the first acquisition for LaSalle Capital’s
recently closed $100 million Fund, “We are excited to partner with Rob
Ragusa and Lou & Chip Sclafani to build upon Violet’s well known
reputation for producing the highest quality fresh packed tomato based
products in the industry” says LaSalle Capital Group, L.P. Principal, Jeff
Walters. “LaSalle Capital has significant experience in the food
processing industry, including the fruit and vegetable processing sector,
and is committed to expanding Violet’s business organically and
possibly through acquisition." "I believe a significant opportunity exists to
further expand the company’s highly regarded brands with a loyal and
high quality customer base,” said Rob Ragusa.
|
|
|
|
