Schlotterbeck & Foss has been sold to Frontenac Company
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Schlotterbeck & Foss, LLC (“S&F” or the “Company”) has been sold to Frontenac Company (“Frontenac”). Terms of the transaction were not disclosed. For Lincoln, the transaction represented another successful deal and extended its investment banking leadership in private label food, natural products, and the sauces and condiments category.
Headquartered in Westbrook, Maine, S&F is a market-leading innovator, developer and manufacturer of premium private label salsas, sauces, condiments and spreads. Signature products typically have vibrant colors, distinctive flavors and whole pieces of fruits or vegetables. This distinction is a result of S&F’s unique, small batch manufacturing processes. The Company manufactures these specialty food products with natural, non-GMO and organic ingredients in its new, SQF-certified facility. S&F maintains unmatched product ideation and customization capabilities, and consistently introduces innovative new products with the highest quality ingredients that generate entrenched, multi-department relationships with national grocery retailers.
Lincoln acted as the exclusive financial advisor to S&F, working closely with the management team and shareholder throughout the sale process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction.
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