Schwan’s Company, a Bloomington, Minnesota, USA-headquartered frozen food producer and marketer, announced on June 1 that it has agreed to purchase MaMa Rosa’s Pizza LLC from HGGC. Terms of the sale, which is expected to be finalized on June 15, were not disclosed.
Founded in 1979, MaMa Rosa’s manufactures products for the foodservice and retail sectors in the United States under the MaMa Rosa’s and Fight’n Tomato Pizza Co. pizza brands. It employs approximately 250 people and operates a 160,000-square-foot manufacturing facility in Sidney, Ohio.
“We are extremely excited to have MaMa Rosa’s join the Schwan’s family of businesses based on their reputation in our industry for delivering great quality and service,” said CEO Dimitrios Smyrnios. “This acquisition will be mutually beneficial. For Schwan’s, it demonstrates our commitment to the US pizza market and gives us an opportunity to immediately expand our pizza business. MaMa Rosa’s will become part of a world-class team that makes high quality frozen foods for foodservice, home delivery and retail outlets.”
“Schwan’s is a well established company within the US frozen foods market. We feel this sale represents an extremely positive business decision that will take MaMa Rosa’s Pizza to the next level in terms of growth and distribution,” said Greg Benson, co-founder and managing director at HGGC.
Founded in 1952, Schwan’s major retail brands in the frozen pizza category are Red Baron, Freschetta and Tony’s. Its subsidiaries are also leading providers of pizza to schools, convenience stores, colleges and universities.