Canada-based Claridge Inc. sold one of its portfolio companies, La Terra Fina USA, Union City, Calif., to an affiliate of HP Hood LLC, Lynnfield, Mass., effective Oct. 9.

"We are extremely proud of the level of success that the management team at La Terra Fina USA has accomplished since the acquisition in 2005,” says Pierre Boivin, president and CEO of Claridge. “Claridge is excited about the future growth prospects of the company in the hands of an outstanding organization with similar values to us, and that have the resources and successful track record to allow La Terra Fina USA to reach its full potential."