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CTI Foods

CTI Foods

CTI supplies customized protein products, soups, and beans for casual dining and quick serve restaurants. At the time of Littlejohn’s acquisition the business was profitable and highly regarded, but was a regional supplier with a concentrated customer base, had management succession issues, a limited product line, and an unclear strategy for differentiation and growth.

During our ownership period, Littlejohn recruited a new CEO of the business, then together with CTI’s management team, expanded the company into a leading national provider of custom, value-added food products by building a new state-of-the-art soup plant and R&D facility, completing two acquisitions, and developed several major new accounts that diversified its customer base. CTI was successfully re-positioned as the industry-leading supplier of custom food solutions to quick serve restaurants. Revenues and EBITDA doubled in three years and the company was acquired by a large PE consortium in 2013.

STATUS: Realized Investment

SECTOR(s): Consumer; Food & Beverage