US frozen pasta maker Sicilian Chefs has been sold to Consolidated Investment Group, an investment firm set up a decade ago by the co-founder of the business that launched brands including Hot Pockets.
Sicilian Chefs will be renamed Caesar’s Pasta to reflect its flagship Caesar’s brand. The family-run company, established in 1967, sells frozen pasta lines at retailers including Safeway, Wegmans and Whole Foods Market.
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Ben Levy, private-equity manager at CIG, said: "The addition of Caesar's Pasta to the CIG portfolio provides us with an opportunity to pursue the better-for-you market trends through gluten free and organic foods."
CIG was set up by David Merage after he sold Chef America – the owner of brands including Hot Pockets, Lean Pockets and Croissant Pockets – to Nestle in 2002 for US$2.6bn, 27 years after co-founding the US food group.
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