Lake Pacific has sold its stake in Montreal-based Max Holdings, a maker of branded frozen chicken products. The buyer was not specified. No financial terms were disclosed.
Chicago, IL December 13, 2016 – Today, Lake Pacific, a leading private equity firm dedicated to the food, beverage and consumer products and services industries, announced a successful exit of its investment in Maxi Holdings. Maxi, headquartered near Montreal Canada, is a leading manufacturer of branded, frozen chicken products including Dino Buddies, a popular product aimed at families with young children.
“During our ownership of Maxi, the company achieved dramatic growth, added capacity, shifted away from foodservice and industrial markets, built well-known brands and greatly expanded retail distribution. Today, its customers include a majority of the top grocery retailers, club wholesalers and mass merchants in North America,” said William Voss, managing director of Lake Pacific. Paul Murphy, Chairman of Maxi, stated, “We especially enjoyed working with the Maxi management team and dedicated employees; we could not have asked for better partners. We appreciate all of their hard work and wish them continued success.”
Maxi is a premier producer of branded, natural processed chicken products. The company was founded in the 1970’s. From its beginnings, the company has grown significantly and created some of the best-selling products in the frozen food category, which are available in more than 25,000 retail outlets.
Lake Pacific is a leading private equity firm dedicated to the food, beverage and consumer products and services industries. The firm invests in buyout, growth equity and turnaround transactions involving established businesses across the food and consumer products supply chain. Lake Pacific’s team consists of industry and private equity professionals who have extensive experience in the food and consumer packaged goods industries and have served as chairmen, CEOs, presidents and board members of dozens of companies ranging in size from $25 million to over $5 billion in sales.
Terms of the transaction were not disclosed.