Wednesday 13 January 2021

US-based alternative investment firm H.I.G. Capital's portfolio company perimeter-of-the-store, specialty, and branded products distributor, manufacturer, and importer Lipari Foods has acquired the assets of Tut's International Export and Import Co., Inc, the firm said.

Located in Dearborn, MI, Tut's International has been importing and distributing Middle Eastern and Eastern European foods in North America for nearly 50 years.

The company imports more than 4,000 products from approximately 80 countries, proudly serving over 3,000 grocery retail customers.

Tut's International offers multiple brands including Dobrova, Shahia, and Lebanon Valley across a broad product portfolio including olive oils, pickles, rice, pasta, canned goods, and meat, fish, and dairy products.

The company is the third add-on acquisition that Lipari has completed since H.I.G. acquired the company in January 2019 and is part of a broader M and A-oriented growth strategy.

Jim Lipari, who began his career delivering BBQ sauce from the back of his Buick station wagon, founded Lipari Foods in 1963.

Today Lipari Foods is an independent "perimeter-of-the-store" distributor in the Midwest and beyond, delivering a range of deli, bakery, dairy, specialty retail, seafood, packaging, confections, and organic food and beverage products to over 13,000 retail locations across 48 states.