Altamont Capital Acquires Richard's Cajun Foods, Blue Ribbon Bacon & Sausage
Altamont Capital Partners, Palo Alto, Calif., acquired Richard's Cajun Foods, a Church Point, La., manufacturer of authentic Cajun food products, and the Blue Ribbon bacon and sausage brand from Atlantic Premium Brands Ltd., Houston, Texas. The acquisition includes the Carlton factory in New Braunfels, Texas, and the Richard's factory in Church Point, La.
Richard's has a portfolio of smoked sausages, ready-to-eat meals and other traditional Cajun products sold in Louisiana, Texas and the Southeast. Blue Ribbon has a long history as a beloved brand of bacon and sausage in the South East Texas market.
The companies will form the basis of Tall Tree Foods Holdings Inc., a newly formed holding company led by Altamont's operating partner Tim Bruer, previously chief executive officer for several specialty food companies, including Nonni's Food Co.
"These are two strong regional brands with the potential for growth in both their current markets and beyond," says Bruer.
"Richard's and Blue Ribbon have incredibly deep roots and a long history in the markets they serve,” says Steve Brownlie, principal at Altamont. “We are excited to build on the successful history and support the management team in capturing the numerous growth opportunities ahead. We are thrilled to begin our partnership with Tim as CEO, and look forward to building the Tall Tree Foods platform leveraging his experience and expertise."