IF&P Foods, a portfolio company of middle market private equity firm Rotunda Capital Partners has acquired Cibus Fresh on July 31 2018.
Terms of the transactions have not been disclosed.
Cibus Fresh is an Indiana-based food service company specialising in high-quality made-to-order packaged convenience foods. The acquisition will accelerate the growth of IF&P by expanding its convenient grab-and-go offerings to include chef-curated sandwiches, wraps, flatbreads, salads, snack packs and parfaits cups. It will also provide an 11,000 sq ft state-of-the-art FDA and USDA inspected kitchen facility certified with the Federal Grant of Inspection to ensure optimum food safety and regulation.
IF&P Foods formed in 1997 through the merger of Indianapolis Fruit (founded 1947) and Piazza Produce (founded 1970), two leading produce distribution companies with a combined 118 years of experience serving the grocery and food service industries. Garden Cut, a fresh cut processing company, and leading food service produce distributors, Circle City Produce and Papania Produce, complete the IF&P group of companies. The company has grown to include a fleet of over 340 refrigerated trucks servicing over 14 states in the Midwest and beyond from five facilities totalling over 225,000 square-feet of warehouse space. Today, IF&P is a category leader in providing both the food service and retail industries with fruit, vegetables, dairy, and floral products.
