Richard’s Cajun Foods in Church Point is being sold by Atlantic Premium Brands Ltd. to Altamont Capital Partners, a San Francisco area private investment firm.
The price was not disclosed.
Founded in 1981, Richard’s products include smoked sausages, frozen Cajun dishes and other traditional Cajun products. The food line is sold in Louisiana, Texas and other southeastern states.
Atlantic Premium bought Richard’s in 1996. Atlantic is a private, food holding company with a history of acquiring, growing and divesting specialty meat, food and beverage businesses.
Altamont announced the Richard’s deal Monday, and another to acquire Blue Ribbon, a Texas-based maker of bacon and sausage.
Richard’s and Blue Ribbon will form the basis of Tall Tree Foods Holdings Inc., a newly formed holding company led by Altamont’s operating partner Tim Bruer. Bruer has served as chief executive officer for several specialty food companies, including Nonni’s Food Co.
“These are two strong regional brands with the potential for growth in both their current markets and beyond,” Bruer said.
Altamont Capital Partners manages an investment fund of about $500 million, focusing on middle-market businesses where it can boost growth.