Consolidated Investment Group has acquired the assets of Sicilian Chefs Inc, a maker of Italian pastas. No financial terms were disclosed. Based in Blackwood, New Jersey, Sicilian Chefs will operate under a new name Caesar’s Pasta LLC.
DENVER, CO (PRWEB) AUGUST 21, 2015
This week, Consolidated Investment Group (CIG) purchased the assets of Sicilian Chefs, Inc. and announced it will continue to produce frozen, authentic Italian pastas such as ravioli, lasagna, manicotti and several other specialties, under the new company name, Caesar’s Pasta, LLC.
As a North American food company, manufacturing in the United States with national sales and distribution in the U.S. and Canada, Caesar’s Pasta can be found at Acme, Safeway, Shop Rite, Whole Foods, Wegmans, and many other National chains and independent natural food stores throughout the country. Sicilian Chefs, Inc. is headquartered in Blackwood, New Jersey, and was started in 1967 by Michael Lodato where the family-run business quickly grew to include three generations of the Lodato family – all sharing their love of great food and their commitment to safety, quality and value.
Ben Levy, Private Equity Manager at CIG, led the team that brought these two companies together, ensuring a smooth and efficient transition. Mr. Levy said, “The addition of Caesar’s Pasta to the CIG portfolio provides us with an opportunity to pursue the better-for-you market trends through gluten free and organic foods.” CIG’s direct investment division acquires food and beverage manufacturing companies across the country and utilizes its extensive experience and resources in the field to nurture the growth of strong products and brands.
CIG Vice President of Private Equity, Rob Nelson, said, “We are excited to bring together CIG’s knowledge and industry expertise with the high-quality, authentic products offered by Caesar’s Pasta. We welcome our new colleagues at Caesar’s Pasta to the growing CIG family, and we look forward to helping them build this company into the #1 brand of gluten-free and organic pastas.”
CIG has seen tremendous growth in 2015. Over the past 12 months, CIG has increased its Denver-based staff by 45% – expanding its corporate footprint in all areas of its investment stream from real estate to private equity to philanthropy.
About Consolidated Investment Group
Consolidated Investment Group (CIG) is an entrepreneurial investment company that manages a diverse portfolio valued in excess of $2 billion. David Merage, CEO and Principal, co-founded Chef America, a national frozen food manufacturer known for inventing and marketing the well-known brand of Hot Pockets®. At the time of its sale to Nestle, Chef America was growing at a rate of 15% per year, making it one of the most successful food companies in the world. Since 2003, CIG has actively invested in private equity, capital markets, real estate, and philanthropy. The company’s mission is to preserve and grow its shareholders’ capital for current and future generations and to support their philanthropic endeavors. It accomplishes this through innovative processes and a results-oriented team. CIG is committed to an environment founded on high ethical standards that puts its people first, fosters collaboration, and inspires dedication. CIG invests domestically and internationally through operating partners, direct investment, and opportunistic funds. To learn more about CIG, visit http://www.ciginvest.com.