Schwan’s Co., Bloomington, Minn., announced plans to acquire MaMa Rosa’s Pizza LLC, Sidney, Ohio, from middle-market private equity firm HGGC, Palo Alto, Calif.
Founded in 1979, MaMa Rosa’s manufactures frozen pizza for foodservice and in retail stores under the MaMa Rosa’s and Fight’n Tomato Pizza Co. brands. MaMa Rosa’s employs approximately 250 people and operates a 160,000-square-foot manufacturing facility in Sidney.
“We are extremely excited to have MaMa Rosa’s join the Schwan’s family of businesses based on their reputation in our industry for delivering great quality and service,” says Dimitrios Smyrnios, chief executive officer of Schwan’s. “This acquisition will be mutually beneficial. For Schwan’s, this acquisition demonstrates our commitment to the U.S. pizza market and gives us an opportunity to immediately expand our pizza business. MaMa Rosa’s will become part of a world-class team that makes high-quality frozen foods for foodservice, home delivery and retail outlets.”
“Schwan’s is a well-established company within the U.S. frozen foods market. We feel this sale represents an extremely positive business decision that will take MaMa Rosa’s Pizza to the next level in terms of growth and distribution,” says Greg Benson, co-founder and managing director at HGGC.