NorSun Food Groups has been acquired by its management and a New York investment company, it was announced in early December.
NorSun, a combination potato specialty product company, was formed when Sun Glo of Sugar City, ID, and Northland Frozen Foods of Fort Kent, ME, combined in 1998.
The West Chester, OH, group and the investment company, Sentinel Capital Partners II L.P., originated and sponsored the acquisition and arranged debt and equity financing. NorSun has been a leading supplier of specialty frozen food ingredients to packaged food companies and restaurant chains.
It is the leading supplier of roasted and whole-baked potatoes and supplies makers of frozen entrees, prepared meals and vegetable blends. Sales have been to Stouffers, Campbell’s Soup, Marie Callendars, Lean Cuisine and Healthy Choice, among others.
Also, Sun Glo developed an individually quick-frozen process for roasted and whole-baked potatoes.
Sentinel Capital Partners specializes in buying middle-market companies in partnership with management and expanding them.
Over the past four months, Sun Glo has been expanded by 21,000 square feet with a multi-story frozen storage unit. Another 40 workers will be needed.
One of the original four partners of Sun Glo, George Crapo, has bought out his other three partners and will continue to operate the fresh pack portion of the company at the same location.