in

Lipari Foods acquires Dearborn food importer – Crain’s Detroit Business

Lipari Foods acquires Dearborn food importer – Crain’s Detroit Business

Warren-based food distributor Lipari Foods has made another addition to its international specialty food division.

Lipari on Dec. 31 closed on the acquisition of Middle Eastern and Eastern European food importer Tut’s International. Tut’s International, headquartered in Dearborn, has been in business close to 50 years, importing more than 4,000 items from 80 countries.

The move expands Lipari’s product reach in its international specialty food division, established in 2018 after acquiring Dearborn-based Jerusalem Foods.

Lipari CEO Thom Lipari in a statement on Monday said the company looks forward to continuing to expand the division and overall product offerings.

“Lipari’s strategic position has always been to be one of the premier perimeter of the store and specialty grocery distributors in the US,” Lipari said. “Tut’s International is a trusted leader in the Middle Eastern and Eastern European market and adding their expertise to all that Lipari provides means greater opportunities for our already diverse customer base.”

Lipari Director of Marketing and Corporate Brands Michelle Berger said terms of the deal would not be released.

Tut’s operations, Berger said Monday, will be transferred to Lipari’s Warren headquarters. Plans call for the majority, if not all, of Tut’s employees to move over to Lipari.

Tut’s International President and Owner John Shenouda said he’s excited about the new transition. He said he looks forward to seeing the growth and development of Tut’s, as it works with Lipari to capture and create opportunities across the country.

Lipari, established in 1963 by Jim Lipari, is an independent distributor in the Midwest, offering bakery, dairy, deli, packaging, seafood, meat grocery, foodservice, confectionary, and convenience food and beverage products to more than 7,000 customers across 16 states.

Berger said Lipari continues to look into possible acquisition prospects, both locally and throughout the company’s distribution footprint.

“Since the creation of the international specialty division in 2018 we have worked to bring in only the best brands and partners to Lipari’s extensive customer base,” Lipari Vice President of International Speciality Ron Batshon said. “I look forward to adding Tut’s capabilities and experience in Middle Eastern and Eastern European food to Lipari Foods.”

Lipari was featured in Crain’s 2020 Fast 50 as one of the fastest-growing companies in Southeast Michigan. The company in 2019 was acquired by Miami-based private equity firm H.I.G. Capital.


Published at Mon, 04 Jan 2021 20:31:35 +0000

What do you think?

Written by ourgeneration

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Supermarket websites feel the strain of new lockdown

E-coupons Market (impact of COVID-19) Growth, Overview with Detailed Analysis 2021-2027|: ShopAtHome, GroupOn, RetailMeNot, Zulily, Coupons, SlickDeals, LivingSocial, Woot, eBates, FatWallet, and more