Frozen Specialties, Inc.

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Frozen Specialties, Inc. - overview

Established

1969

Location

Perrysburg, OH, US

Primary Industry

Food

About

Frozen Specialties, Inc. is a manufacturer of frozen pizzas and pizza bites, serving both retail and food service sectors with quality meal solutions designed for convenience and affordability. Frozen Specialties, Inc. was founded in 1969 in Perrysburg, US, and specializes in producing frozen pizzas.


The company has not reported any changes in its business strategy or operations since its inception. It has been involved in 4 deals, with the most recent deal occurring on December 3, 2018, when Bellisio Foods, Inc. acquired Frozen Specialties from Swander Pace Capital. The company is led by CEOs Dan Bender and Ron Frump.


Frozen Specialties, Inc. specializes in the production of frozen pizzas and pizza bites, targeting both the retail and food service markets. The company focuses on delivering high-quality frozen meal solutions that provide substantial consumer value, primarily through private label brands. Their products serve grocery chains, convenience stores, and institutions like schools and food service providers, offering convenient meal options that meet busy consumers' demands while ensuring quality and taste.


The company's distribution network spans North America and select international markets, catering to a diverse customer base that values quality and affordability in frozen food offerings. Frozen Specialties, Inc. generates revenue through B2B partnerships with retailers and wholesalers, who carry their private label frozen pizza products. Their business model includes co-manufacturing and co-packing agreements, allowing clients to utilize the company's production capabilities while branding the products under their labels.


The pricing structure is based on volume and contract specifications, ensuring tailored solutions for clients. The flagship offerings, including signature frozen pizzas, form the cornerstone of these agreements, with ongoing collaborations to meet the evolving demands of the retail and food service sectors. Frozen Specialties, Inc. aims to expand its product range and enter new markets.


With a focus on developing new frozen meal options, they plan to launch several products by the end of 2024. Additionally, the company is targeting growth in international markets, particularly in Europe and Asia, through strategic partnerships and distribution agreements. The recent acquisition by Bellisio Foods, Inc. will provide resources to support these initiatives, enhancing their production capabilities and market reach.


Primary Industry

Food

Sub Industries

Other Food Products

Website

www.frozenspecialties.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Frozen Specialties, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedFrozen Specialties, Inc.-
Private DebtCompletedFrozen Specialties, Inc.-
Private DebtCompletedFrozen Specialties, Inc.-
BuyoutCompletedFrozen Specialties, Inc.-

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