Sun Capital affiliate acquires Sunrise

Aug. 1, 2008
Sun Capital Partners Inc., a private investment firm specializing in leveraged buyouts and investments in market-leading companies, announced that one

Sun Capital Partners Inc., a private investment firm specializing in leveraged buyouts and investments in market-leading companies, announced that one of its affiliates has acquired Sunrise Growers~Frozsun Foods and its affiliates and subsidiaries. Sunrise is a United States-based supplier of frozen strawberry products, as well as a distributor and marketer of fresh strawberries and red peppers. Terms of the acquisition were not disclosed.

Sunrise sells under its own brands and through its customers' private label programs. Its frozen berry operations produce more than 130 million pounds of processed strawberry and other fruit products annually, giving Sunrise the number one U.S. market share in frozen strawberries. The fresh fruit segment distributes more than seven million trays of fresh strawberries annually. Clients of Sunrise include grocers, foodservice retailers, and food distributors.

MHT Securities L.P., a wholly owned subsidiary of MHT Partners, acted as exclusive advisor to the seller in this transaction.

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