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September 2017 |
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LaSalle Capital and Westminster Foods Complete Sale Leaseback of Hempstead, NY Facility
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September 6, 2017 – Chicago, IL – LaSalle Capital ("LaSalle") is pleased to announce that its portfolio company, Westminster Foods ("Westminster" or the "Company"), has completed a sale leaseback of its ~76,000 square foot production facility in Hempstead, New York.
Westminster, founded in 1828, is a leading national producer of premium quality natural foods, including cookies and crackers, sauces, syrups and condiments for channel leading retailers and foodservice providers under customers’ private label brands and the Westminster, Olde Cape Cod, Lucy’s, Gold’s and Fox’s brands.
Andy Shackelford, Partner at LaSalle and Westminster board member stated, “We are pleased to have executed the sale leaseback of the Hempstead facility at attractive terms that resulted in value accretion to Westminster’s shareholders.” Westminster’s CEO, Bob Abramowitz, added, “We are excited to continue growing our business and making investments in our Hempstead facility as we add new products and manufacturing capabilities.”
If you have any questions regarding this transaction or would like to discuss opportunities in the food & beverage industry, please contact Jeff Walters, Andy Shackelford or David Murav at (312) 236-7041.
About LaSalle Capital
LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $345 million in capital. We have a proven track record of partnering with management teams to increase value in our companies by providing strategic operating focus and driving growth organically and through acquisitions. We have domain expertise and investment focus in two industry sectors: food and beverage and technology-enabled business services.
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