Rotunda Capital Partners’ portfolio company IF&P Foods has purchased a foodservice company Cibus Fresh for an undisclosed amount.
Based in Indiana, Cibus Fresh offers made-to-order packaged convenience foods.
The deal is expected to strengthen IF&P’s growth by expanding its grab-and-go offerings with sandwiches, wraps, flatbreads, salads, snack packs and parfaits cups from Cibus.
Following the transaction, IF&P will also have access to Cibus Fresh’s 11,000ft² FDA and USDA inspected kitchen facility, which is certified with the Federal Grant of Inspection.
Established in 1997, IF&P Foods is a food distribution firm with more than 340 refrigerated trucks offering services in over 14 US states in the Midwest. It currently operates five facilities with 225,000ft² of warehouse space.
The company is a merger between two food distribution companies, Indianapolis Fruit and Piazza Produce, which have a combined 118 years’ experience serving the grocery and foodservice industries.
IF&P group of companies also includes processing company Garden Cut, and two food service produce distributors Circle City Produce and Papania Produce.
The company provides fresh and packaged produce varieties, as well as partially prepared meal components, to roughly 7,500 customers throughout the Midwest, including grocery stores, restaurants, schools, and food management companies.