St. Petersburg, FL – Latina Boulevard Foods, LLC, a portfolio company of The Anderson Group, LLC, has purchased the assets of C&R Food Services Inc.
As a Western New York-based broadline food distributor, C&R Food Services Inc. has built a reputation for superior service and quality distributing to customers in its Mt. Morris, New York facility. This acquisition will continue Latina’s expansion into the Central New York market and will deliver to C&R’s customer base a more robust product offering.
Post acquisition, Latina Boulevard Foods will maintain C&R’s facility in Mt. Morris and this division will be led by previous owners Brian and Rachael Heywood. The Anderson Group views this transaction as a great opportunity to increase Latina Boulevard Foods’ customer base, add new products to the company’s distribution platform and further penetrate the Central New York market.
Latina Boulevard Foods CEO, Chuck Marazzo, recently commented on the acquisition, stating, "We are thrilled to welcome the Heywood’s to the Latina Boulevard Foods family and continue to build on C&R’s history of unwavering customer service and sales growth. We are looking forward to continuing Latina Boulevard’s expansion in the Western New York market.”
Latina Boulevard Foods operates as two complementary divisions, Latina Food Service and Boulevard Produce, which collectively distribute specialty food products to casual dining, independent pizzeria, institutional and retail markets in Western New York. Since 1954, Latina Boulevard Foods has provided its customers with fresh produce, chicken wings, specialty meats, premium cheeses, tomato products, flour and related pizza ingredients while focusing on achieving superior customer service.
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.