CHURCH POINT, La. (AP) — Richard's Cajun Foods will be acquired by Altamont Capital Partners, a San Francisco area private investment firm.
Terms of the deal were not disclosed, The Advocate reports.
The company had been owned by Atlantic Premium Brands.
Richard's which has operated since 1981, produces smoked sausage, frozen Cajun dishes and other traditional Cajun products. The food line is sold in Louisiana, Texas and other Southeastern states.
Atlantic Premium bought Richard's in 1996.
Altamont announced the Richard's deal Monday, and another to acquire Blue Ribbon, a Texas-based maker of bacon and sausage.
Richard's and Blue Ribbon will form the basis of Tall Tree Foods Holdings Inc., a new holding company led by Altamont operating partner Tim Bruer.
Bruer has served as 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," Bruer said.
Altamont Capital partners manages an investment fund of around $500 million, focusing on middle-market businesses with growth potential.
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Information from: The Advocate, https://www.theadvocate.com/