Garden City / NY. (sfi) Seviroli Foods Inc., a leading manufacturer of frozen pasta and other food products, and Vertullo Imports LLC, a leading specialty food importer, announced that it has partnered with Mill Point Capital LLC, a middle-market private equity firm focused on control-oriented investments in the business services, industrials and technology sectors in North America.
Seviroli has been family-owned and operated since its founding in 1960 and provides a leading line of chef-inspired artisan-filled pastas, sauces and Italian desserts. Joseph Seviroli Jr., CEO and second-generation owner of Seviroli, will continue in his role alongside President and COO Paul Vertullo and other key members of the management team.
Joseph Seviroli Jr. commented, «We are excited to continue building upon my family’s proud 62-year operating history alongside Mill Point. Seviroli’s track record of growth, innovation and quality customer service are expected to be significantly enhanced through our partnership.»
«The partnership and combination of resources with Mill Point accelerates our ability to continue Seviroli’s and Vertullo’s long-term growth trajectory and execute strategic initiatives,» added Paul Vertullo.
«We have been thoroughly impressed by the strong operating foundation and culture Joe, Paul and the rest of the Seviroli team have created. I am confident that with their expertise and Mill Point’s insight, the company will further elevate its product ideation, customer relationships and operational excellence,» commented Jim Schubauer, Mill Point’s Executive Partner and Executive Vice Chairman of Seviroli.
«Throughout its history, Seviroli has continually distinguished itself as a leader in its sector. We are committed to maintaining the core values that the Seviroli family and team have created and look forward to pursuing numerous growth avenues ahead,» said Dustin Smith, Partner of Mill Point.