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NYC private equity firm acquires Rochester-based Brothers International
NYC private equity firm acquires Rochester-based Brothers International
Listen to this articleBrothers International Food Holdings, a Rochester-based global provider of natural fruit ingredients and products for the food and beverage industry, has been acquired by SK Capital Partners.
Brothers International specializes in supplying tropical and exotic fruit concentrates and purees from more than 30 countries, providing sourcing, distribution and value-added development solutions.
The company, located on Lexington Avenue just off Mt. Read Boulevard, was founded in 2001 by Travis Betters. He will retain his position as president and CEO while also maintaining an ownership stake.
Benford Capital Partners had owned controlling interest in the firm before the recently completed sale.
SK Capital Partners is a New York City-based private equity firm whose portfolio has a focus on specialty ingredients, material sciences and life sciences sectors.
“We are highly impressed with the platform Travis and his team have built and are excited to support the company’s next phase of growth,” Jack Norris, SK Capital managing director, said in a news release. “Brothers plays a critical role in the fruit ingredient supply chain … The company is well-positioned to continue expanding its capabilities, benefiting strong, long-term demand for natural and clean label ingredients.”
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