High Street Capital has exited its investment in Mac & Massey LLC, selling the company to Batory Foods Inc. Terms of the deal were not released. Mac & Massey is a food ingredient broker and distributor. High Street Capital is a private equity firm based in Chicago.
High Street Capital is pleased to announce the sale of its interest in Mac & Massey, LLC (“Massey Fair” or “Massey”) to Batory Foods, Inc. (“Batory”). With branch locations across the continental US, Massey sources and distributes food ingredients for food manufacturers nationwide. Massey’s customers range from local niche, specialty food manufacturers to the Fortune 500. Massey’s management team will join Batory’s team in operating the combined businesses.
“High Street Capital has been an excellent partner. Together we were able to leverage the strengths of both parties which ultimately enabled us to successfully optimize the business and its value,” said Randy Cimorelli, CEO of Massey Fair. “They “get it” and to any CEO that means more than anything.”
About High Street Capital
High Street Capital is an experienced, operationally-oriented lower middle market buyout firm. The firm looks to acquire, recapitalize, and provide growth capital to outsourced business services, niche manufacturing and value-added distribution & logistics companies in the Central U.S. with revenues of $10 to $100 million. High Street is actively seeking new investment opportunities for its fourth investment fund. Please see www.HighStreetCapital.com for more information.
About Massey Fair
Established in 1929, Massey is a leading food ingredient broker and distributor, offering a broad line of ingredients including sweeteners, starch, oils, cocoa, fruit concentrates and nut meats. Massey expanded to provide services coast to coast with its 2010 acquisition of California-based Mulligan Sales. Please see www.MasseyFair.com for more information.
About Batory Foods
Batory Foods is a leading national distributor of high-quality food ingredients for a broad range of food manufacturers and suppliers throughout the United States. Founded in 1979, Batory Foods is a “one-stop shopping” partner, operating through a national network of local distribution centers to meet all of its customers’ ingredients needs.