Giraffe Foods CEO Ari Powell opens new innovation centre

Giraffe Foods CEO Ari Powell opens new innovation centre

A private-equity firm has invested in Giraffe Foods, a Canada-based manufacturer of sauces, marinades, dips and dressings.

Investor Graham Partners did not reveal the size or financial details of the transaction in a statement announcing the deal, only saying that it made a "significant investment".

The Philadelphia-based private-equity firm added: "Giraffe is the fourth platform investment completed in 2018 that was sourced out of Graham Partners' targeted investment theme programme". 

Giraffe Foods is a private-label supplier serving customers in Canada and the US, including food processors, retailers and foodservice channels. The company is seeing increasing demand for private label, organic, and better-for-you foods and is seeking to further tap into that growth through its in-house, innovation-focused research and development team, according to the statement.

Graham Partners said it will focus on driving profitability in the family-owned business, which is run by chief executive Ari Powell, through "operational initiatives, geographic expansion, and add-on acquisitions".

Andrew Snyder, managing principal at Graham Partners, said: "Graham was attracted to Giraffe's exceptional R&D and manufacturing capabilities, as well as the company's strong track record of innovation. We are excited to partner with the company and utilise our experience and industry resources to further accelerate the growth of the business."