An affiliate of Austin-based private equity investment firm CenterGate Capital (CenterGate) has made an investment in Teeny Foods, a developer and manufacturer of high-value frozen baked snacks and handheld meals, sold and distributed throughout the United States.
Established in 1964 and headquartered in Portland, Oregon, Teeny Foods specialises in manufacturing on-trend and portable, frozen, filled baked snacks and handheld meals for consumer brands throughout the United States. Teeny specialises in using fillings across a variety of product forms. Its partners rely on Teeny to produce a wide variety of customised products which can be individually wrapped, or bulk packaged.
“We are very proud of the 55-plus year legacy we have built at Teeny Foods and are excited about the future growth opportunities of the business under CenterGate’s ownership,” says Rick Teeny, whose family founded the business decades ago. “We believe CenterGate will be a great partner in carrying on the legacy for many years to come.”
General Manager Darryl Abram, who has been with the company since 1999, will continue to lead Teeny Foods. “We are excited about our partnership with CenterGate and what it means for our employees, customers, and vendors,” says Abram. “CenterGate’s investment will provide us with the capital and strategic resources to continue to grow while maintaining our focus on the highest quality products and exceptional customer service.”
“The Teeny Foods investment is another example of CenterGate partnering with a successful, family-owned business,” says Jeff Kovick, Managing Director at CenterGate Capital. “The Teeny Foods management team has built a great business with a reputation for fanatical customer service and innovative products that we are excited to support through its next stage of growth.”
CenterGate Capital was represented by McDermott Will & Emery LLP in the transaction.
