Retail sales of specialty foods reached $99.7 billion in 2016, up 5.6 percent from 2015 compared to a 2.3 percent uptick in overall food sales. These kinds of results are tempting to private equity firms, which is why they have a growing appetite for specialty food companies.
Steve Economou, managing director with Baker Tilly Capital, LLC, was featured in a recent NJBIZ article, “Private equity gains appetite for food,” as published in NJBIZ’s special FoodBizNJ supplement. In the article, Economou discusses the increased craving private equity firms have for specialty food companies and the substantial changes that have led to this shift.
To read the full article, click on the link below. The article can be found on pages 9-12 of the program.