March, 05 2018
Lipari Foods Acquires Wisconsin Cheese Supplier
Originally Published by Crain’s Detroit Business
March 5, 2018 3:17 PM
By Annalise Frank
Lipari Foods LLC has purchased Waterloo, Wis.- based Jim's Cheese LLC, the Warren-based food distributor announced Monday.
Lipari bought the cheese cutting and packaging firm to grow its manufacturing business, according to a news release. The Wisconsin cheese supplier will fall under Lipari's JLM Manufacturing division.
Terms of the deal were not disclosed. A Lipari representative did not immediately respond to further questions.
The distributor has grown through acquisitions in recent years. It purchased assets of Taylor-based Dairy Fresh Foods Inc. in August for an undisclosed price. And in early 2015, it bought Bridgeville, Pa.-based Clover Mountain Foods LLC for $16 million, expanding its service area and enabling it to become a top distributor of specialty foods and high-demand fresh foods found in the bakery, dairy, deli, seafood, meat, beverage, convenience food and other "perimeter of the store" product areas.
It also bought Sun Prairie, Wis.-based Soderholm Wholesale Foods Inc. for $4 million in late 2014.
Lipari was working toward a $39.4 million expansion of its Warren site as of the end of 2016. The Lipari representative didn't immediately respond to a request for an update on the project.