TowerBrook Capital Partners L.P. (TowerBrook), a New York and London-based international investment firm, has announced a majority equity investment in Demakes Enterprises, LLC (Demakes), a manufacturer of value-added protein products.
The partnership between TowerBrook and Demakes positions the Company to continue building on a 100+ year legacy of delivering healthy and convenient specialty protein products to a growing base of retailers and consumers.
Founded in 1914 in Lynn, Massachusetts, Demakes is a fourth-generation family business that develops and manufactures a broad assortment of over 250 specialty protein products across three brands (Old Neighborhood, Waterhill Organics, and Thin N’ Trim) and private label. The Company’s products are oriented toward consumers’ growing demand for “better-for you” products (e.g., organic, antibiotic-free) and convenience (e.g., ready-to-eat, ready-to-cook).
Stifel served as financial advisor and Sidley Austin acted as legal counsel to TowerBrook. Estabrook Advisors served as financial advisor and ArentFox Schiff acted as legal counsel to Demakes.
