Richelieu Foods is an American private label food manufacturing company founded in 1862 and headquartered in Wheeling, Illinois. It was previously owned by investment group Brynwood Partners and owned by investment group Centerview Partners LLC from 2010 to December 2017, when it was sold to Parsippany, New Jersey–based Freiberger USA Inc., a subsidiary of the German Südzucker AG.
 | |
| Company type | Private |
|---|---|
| Industry | Private label foods |
| Founded | 1862 |
| Headquarters | Wheeling, Illinois, U.S. |
Key people | Brian Fox, CEO |
| Products | Food |
Number of employees | 1000 (2022) |
| Parent | Freiberger USA, Inc. (Südzucker AG) |
| Website | www |
The company produces frozen pizza, salad dressing, sauces, marinades, and condiments to be marketed by other companies as their store brand or white label brand. Richelieu Foods manufactures over 100 million frozen pizzas[1] and more than 25 million finished crusts annually,[2] reporting more than $500 million in yearly sales.[1]
"Odds are good most people have tasted products made at Richelieu Foods... few people know the products... were made by the company."
Waterloo Cedar Falls Courier, WCFcourier.com, August 2006
Companies with private label items from Richelieu include Hy-Vee, Aldi, Save-A-Lot, Sam's Club,[3] Hannaford Brothers Co.,[1] BJ's Wholesale Club (Earth's Pride brand) and Shaw's Supermarkets (Culinary Circle brand).[1] The company's own brands have included Chef Antonio, Raveena's, Pizza Presto!, Grocer's Garden, Caterer's Collection, Oak Park, and Willow Farms.[4]
With approximately 1,000 employees,[1] Richelieu Foods operates four manufacturing facilities in Beaver Dam, Wisconsin (pizza), Wheeling, IL (Pizza)Washington Court House, Ohio (cold press pizza crusts),[3] Grundy Center, Iowa and Elk Grove Village, Illinois (sauces and dressings).
According to Hoover's, Richelieu Foods' average annual revenue per worker is about $900,000.[4]
History
editThe company was founded in 1862. By 1956, the company operated as Western Dressing Inc. It was sold to an investment group in 1988. The group had the company expand its line of products. In 1994, Richelieu focused on the contract packing and private label areas. The Western Dressing brand was sold and eventually acquired by Unilever with Richelieu Foods packing the dressing until Unilever took it in-house eight years later, marketing it under the Wish Bone brand. In 2003, a Connecticut private equity firm, Brynwood Partners, purchased the company.[3]
In 2006, the company was named Pizza Manufacturer of the Year by Snack Food and Wholesale Bakery magazine.[2] On August 30, 2008, the company acquired the "Sauces and Dressings" division of Sara Lee Foodservice along with the Sara Lee manufacturing facility located in Elk Grove Village, Illinois.[5] In 2010, the company was purchased by Centerview Partners, a private equity firm then by Freiberger USA in 2017.[6]
See also
editReferences
edit- ^ a b c d e "There's new appetite for peddlers of cheap eats". Boston Business Journal, Feb 23, 2009, Lisa van der Pool. 23 February 2009.
- ^ a b "It Takes Two Working in tandem, Richelieu Foods' pizza plants in Ohio and Wisconsin are a productivity powerhouse". Refrigeratedfrozenfood.com. Archived from the original on 2011-07-15.
- ^ a b c Balaban, RC (August 27, 2006). "Richelieu experiences hiring boom, starts expansion". WCFcourier.com.
- ^ a b "Richelieu Foods Inc". Hoovers, Inc.
- ^ Onufrak, Julie (September 3, 2008). "Richelieu Foods gobbles up Sara Lee division - News - The Patriot Ledger, Quincy, MA - Quincy, MA". Patriot Ledger. Retrieved April 3, 2019.
- ^ Schroeder, Eric (November 2, 2017). "Freiberger USA to acquire pizza maker". Food Business News. Sosland Publishing Company. Retrieved May 14, 2018.
