Sovos Brands acquires Michael Angelo’s Gourmet Foods

Advent International company Sovos Brands has completed the acquisition of Michael Angelo's Gourmet Foods, a US-based producer of frozen Italian entrées.

The acquisition of Michael Angelo's is reported to be the first investment made by the Sovos Brands, which focuses on the acquisitions in the consumer packaged goods (CPG) industry.

Sovos Brands president and CEO Todd Lachman said: "Michael Angelo's is a highly authentic, great-tasting, frozen Italian entrée brand well-respected in the industry for its clean-label offering.

 “The company exemplifies the types of businesses we are looking to acquire in the food and beverage space. It is a unique, leading branded player, offering delicious food that meets today's lifestyle and consumer demand for real, clean ingredients.

“We believe Michael Angelo's has significant potential for growth through increased awareness, distribution and new product development, and we look forward to working with Michael Angelo and the management team to pursue these opportunities."

Established in 1983, Michael Angelo's Gourmet Foods offers prepared meals that are sold in grocery stores, natural food stores and warehouse club stores nationwide.

Michael Angelo's Gourmet Foods chairman and CEO of Michael Angelo said: "Our new partnership with Sovos Brands represents a perfect fit for our company. Sovos Brands is a lean, nimble organisation led by experienced industry executives who share our long-term vision for the business.

“With their investments in production, distribution and product innovation, we believe we can accelerate Michael Angelo's growth and continue our mission of creating the highest-quality Italian entrées in the freezer aisle.

“I look forward to partnering with Todd Lachman and his team on Michael Angelo's next stage of development."

Financial details of the transaction have not been disclosed by either company.