Private equity firm backs gluten-free pizza baker

Montreal / CA. (ogg) Oggi Foods Inc., a manufacturer of gluten-free, organic, non-GMO frozen pizza and other food products sold in grocery stores and restaurants across North America, has received a growth equity investment from Bregal Partners, a leading middle market private equity firm.

Founded in 2015 and headquartered in Montreal, Oggi has rapidly become a leader in the «better-for-you» frozen food products category. Oggi’s proprietary gluten-free recipes and hand-stretching crust production process give the Company’s signature Neapolitan-style pizzas a doughy, naturally rising crust that is unmatched among its competitive set. In addition to traditional gluten free pizzas, Oggi has also pioneered several 100 percent vegan and plant-based-meat frozen pizza formats, which are among the fastest-growing vegan pizzas on the market today.

Bregal Partners Managing Partner Charles Yoon noted that Oggi was an ideal platform to continue investing behind the firm’s thesis in better-for-you frozen food products, which has been an active focus area for several years. «We were highly impressed with the quality of Oggi’s products and with the Company’s growth over the last several years, and we are thrilled to have this opportunity to partner with Oggi’s founders and management during this next exciting phase of the Company’s growth.»

Oggi Co-Founder and CEO Joe Turturici added, «At Oggi we have worked hard to create what we believe is the best gluten-free frozen pizza on the market, and we are looking forward to working with Bregal to take our business to the next level.»

Bregal’s investment was led by Charles Yoon, Thomas Kearney, Kevin Deemer, Omar Nabhani and Andy Neumann. The Company was advised by Sonenshine Partners and Spiegel Sohmer Inc., and Bregal Partners was advised by Stikeman Elliott LLP and Richter LLP. Financial terms of the transaction were not disclosed.

bakenet:eu
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