Harvest Food Group
IOP Fund IV
Acquisition Date: | May 2023 |
Status: | Current |
Headquarters: | Naperville, IL |
Add-on Acquisitions: | Seeking acquisitions |
Description
Harvest is a value-added contract manufacturer, supplier, and distributor of frozen foods. The company specializes in entrees, side dishes, meal kits, blends, and a variety of produces and ingredients and operates an SQF-certified and USDA-inspected manufacturing and distribution facility located in Chicago, Illinois.
Operating Thesis
Provide support to existing management team to continue strong growth trajectory and increase profitability.
Create fundamental improvement in operating performance:
- Enhance production efficiency through continuous improvement program and cost-savings initiatives
- Add new production capabilities to enhance value-add and drive growth
- Expand ERP system utilization