Schlotterbeck & Foss, LLC
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Schlotterbeck & Foss, LLC - overview
Established
1866
Location
Westbrook, ME, US
Primary Industry
Logistics & Distribution
About
Schlotterbeck & Foss, LLC is a producer of high-quality specialty foods and flavorings, focusing on chef-inspired sauces and condiments that enhance culinary offerings across the food service and retail sectors. Founded in 1866 and headquartered in Westbrook, US, Schlotterbeck & Foss specializes in crafting gourmet sauces and condiments. The company underwent a recapitalization in September 2017, when management and Frontenac Company acquired it. CEO David Hambright leads the company, which has successfully completed one major deal to date.
Schlotterbeck & Foss specializes in the production of high-quality specialty foods and flavorings, focusing on chef-inspired sauces and condiments. Their offerings include chef sauces and marinades, meat and seafood condiments, cooking sauces, artisan salsas, dessert sauces, and unique dressings like Mos-Ness. The company employs a proprietary preparation method that preserves the shape, texture, and flavor of whole ingredients, ensuring a superior culinary experience. Their products are distributed across North America and select international markets, catering to food service operators, restaurants, and grocery retailers seeking quality ingredients to enhance their menus.
Schlotterbeck & Foss operates primarily through B2B transactions, catering to food service providers and retailers who incorporate their products into their offerings. Businesses typically enter direct purchasing agreements for bulk orders of flagship products, including chef sauces and marinades. The company’s pricing structure accommodates various transaction types, including one-time purchases and ongoing supply contracts, with opportunities for private label solutions that enable retailers to market Schlotterbeck & Foss products under their own brand, enhancing revenue streams and solidifying industry partnerships. Looking ahead, Schlotterbeck & Foss aims to innovate its product line with the design and launch of new specialty sauces, planned for release amid ongoing market evaluations.
The company also targets expansion into additional international markets, capitalizing on the growing demand for gourmet food products by 2025. The recapitalization deal in September 2017 enabled resources that will support these initiatives, emphasizing the strategic allocation of funds towards product development and market penetration.
Current Investors
Frontenac Company
Primary Industry
Logistics & Distribution
Sub Industries
Food & Beverage Distribution
Website
www.schlotterbeck-foss.com
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Schlotterbeck & Foss, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Drew's Organics LLC | - | ||||||||
| Buyout | Completed | Schlotterbeck & Foss, LLC | - |
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