May 04 2015

Sequel Holdings Acquires Lakeview Farms and Future Food Brands; Completes Integration Plan

Sequel acquired Lakeview Farms, a Delphos, OH based manufacturer of refrigerated food products, including refrigerated desserts, gelatins, dips and sour cream.  Lakeview Farms manufactures and sells its products to large national and regional food retailers. Immediately following the acquisition of Lakeview Farms, Sequel completed the complementary acquisition of Future Food Brands based in Carrollton, TX.  Future Food Brands sells refrigerated deli and seafood dips, salads and spreads to major retailers throughout the U.S.

Lakeview Farms, founded in 1988, sells its products under the brand names Lakeview Farms®, Luisa’s®, Señor Rico® and Winky®, as well as several private label store brands. Recently, Lakeview has strategically focused on the growing fresh packaged foods market in addition to continued effort within the Hispanic segment, introducing authentic products and brands in both the dessert and dip categories.  Sequel previously held an ownership interest in Lakeview Farms from 2004 to 2011.

“We have a long history of working effectively with Sequel Holdings”, said Gene Graves, former President and CEO of Lakeview Farms.  “They know and value our products, our people and our company.  Sequel is aligned and fully supportive of our plans to grow our business and our ongoing efforts to consolidate our manufacturing operations.  I can’t think of a better partner to support us at this pivotal time in the development of our company. “

John Madden, Managing Partner of Sequel Holdings, remarked, “We are very pleased to have this opportunity to partner once again with Lakeview Farms and its management team.  Lakeview’s commitment to high quality products and exceptional customer service has enabled it to continue to grow its product offerings in the deli and other refrigerated sections of the store.  We look forward to supporting Lakeview as it works to complete the consolidation of its manufacturing capabilities and to expand its product offerings and the distribution of its products.”

Future Food Brands, established in 1984, sells its products nationally under the Salads of the Seas®, Fresh Creations® and Santa Barbara Bay® brands in the deli and seafood departments. Ron Klein, Managing Director of Sequel, commented, “We identified Future Food Brands as a company with significant growth potential and highly complementary to Lakeview Farms.  We believed there was an opportunity to create significant value through the combination of these companies.  Since the completion of these acquisitions, Sequel has worked closely with the management teams of both companies to integrate their operations and increase their product offerings and services provided to their customers.”

In support of the transaction, additional investment capital was provided by Falcon Investment Advisors and WP Global Partners.

About Sequel Holdings, L.P.

Sequel Holdings is a Dallas-based private equity firm focused on investing in and growing lower middle market companies, primarily in the food and beverage, agribusiness, and plastics/specialty materials sectors.  Sequel looks for opportunities to invest where it can leverage the collective industry experience of its investment team.


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