Pritzker Private Capital purchase includes Sugar Foods management team

In a recent acquisition, Illinois-based investment company Pritzker Private Capital has purchased US business Sugar Foods Corp. Known for producing croutons, cheese snacks, and tortilla strips under the Fresh Gourmet and Mrs. Cubbison brands, as well as pizza toppings, Sugar Foods also supplies the beverage market with the N’Joy line of stick creamers and EcoStick sweeteners.Sugar Foods caters to a diverse range of customers, including retail, foodservice, and private-label clients. The company, founded in 1948, operates five facilities in the US and Mexico, employing over 1,400 staff.

PPC did not disclose the financial details of the deal. The acquisition included investment from Sugar Foods’ management team, led by president Andrea Brule and CEO Marty Wilson, who will continue their leadership roles post-transaction.

Wilson expressed his confidence in the partnership with PPC, stating, “We sought to partner with PPC because of their track record in preserving family legacies and their shared commitment to our core values. With their support, Sugar Foods will be even better positioned to pursue exciting organic and acquisition growth opportunities while preserving our employee-focused culture.”

PPC’s other investments in the food industry include a majority interest in Monogram Foods, a Memphis-based maker of meat snacks and appetizers. Additionally, PPC fully owns C.H. Guenther & Son, a San Antonio-based business supplying bakery products and frozen appetizers.

Chris Trick, an investment partner at PPC, commended Sugar Foods’ leadership team, stating, “The company is led by a strong team, and we are consistently impressed by its robust capabilities and successful product innovations. We look forward to partnering with Sugar Foods as they capitalize on growth opportunities, pursue strategic acquisitions, and strengthen their position as a preferred partner for customers.”