August 1, 2012
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 located in Scottsdale, Arizona, Montage Partners is a private equity firm that invests in established companies in the western U.S. with EBITDA between $1 million and $5 million. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners provides liquidity to those who have spent years of their life building great companies, protects those companies through a transition of ownership and supports the next generation of a company’s leadership in executing on growth initiatives. For more information, please visit www.montagepartners.com.