MGP’s portfolio company Catalina Finer Foods (“Catalina”) completed the acquisition of Saugatuck Kitchens (“Saugatuck”) on November 9, 2023. Catalina was acquired in 2022 in partnership with Lake Country Capital, Spring Capital, SharpVue Capital, Farragut Capital Partners, Gemini Investors, Promise Holdings, and company management.
Founded in 1998, Saugatuck is a full-service manufacturer of wholesale frozen hors d’oeuvres and frozen-to-fresh grocer items, including empanadas, hand pies, pot pies, croquettes, tarts, spring rolls, and several other items. Saugatuck is based in Stratford, Connecticut, and operates out of a Safe Quality Food Institute (“SQF”) level III facility.
Catalina, founded in 1974, is a manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales, stuffed cassava, and other ancillary products. The Company, headquartered in Tampa, Florida, provides these frozen products to a variety of foodservice and retail grocery customers. “We are thrilled to announce our acquisition of Saugatuck Kitchens. This strategic move not only expands our product offering but also widens our customer landscape,” said David Martinez, CEO at Catalina. “Together, we look forward to bringing exceptional food to our valued customers everywhere.”
“Part of our original investment thesis included strategic growth opportunities, both organic and inorganic, that expanded the customer landscape and breadth of products,” said Joe Greving, MGP Partner and Board Member at Catalina. “We are thrilled to welcome Saugatuck Kitchens into the Catalina family.”