Montage Partners Acquires Indo-European Foods, Inc.
GLENDALE, CA – Montage Partners, a Scottsdale, Arizona-based private equity firm, is pleased to announce it has acquired Indo-European Foods, Inc. (“Indo-European” or the “Company”) in partnership with the Company’s management. Founded in 1980 and headquartered in Glendale, California, Indo-European is a leading importer and national wholesale distributor of the healthiest and most authentic ethnic foods from around the world.
With its roots beginning in 1966 as a retail store, Indo-European has sourced the world for over 50 years to bring authentic ethnic foods to retailers and foodservice distributors across the United States. The Company’s customers include national and regional supermarkets and over 1,000 independent ethnic food retailers and foodservice distributors.
Duff & Phelps Securities served as exclusive financial advisor to Indo-European Foods. Montage Partners was advised by BDO USA, LLP and the law firms Brier, Irish, Hubbard & Erhart, PLC and Osborn Maledon, P.A.
About Montage Partners
Founded in 2004 and headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.