Chicago, IL – LaSalle Capital is pleased to announce the recapitalization of Westminster Cracker Company (“Westminster”) and the acquisition of Gold Pure Food Products Co., Inc. (“Gold’s”). The recapitalization of Westminster and the acquisition of Gold’s represent LaSalle Capital’s eighth platform investment out of its second fund.
Westminster, founded in 1828 and based in Rutland, Vermont, is a leading manufacturer of premium quality, all-natural, oyster and snack cracker products. Westminster’s products are served across the country in leading restaurants and other foodservice establishments and sold through retail channels on a under the Westminster and Olde Cape Cod brand.
Gold’s, founded in 1932 and based in Hempstead, New York, is a leading manufacturer of all-natural, premium quality fresh horseradish products and specialty mustards, cocktail sauces and other condiments and sauces. Gold’s products are sold through leading retailers across the country, primarily under the Gold’s and Nathan’s brand names.
The Gold’s and Westminster platform combines two category leading, premium quality, all natural food companies. The combined operation will be managed by Bob Abramowitz, CEO of Westminster. Abramowitz stated, “The acquisition of Gold’s and combination with Westminster unites two leading, specialty food companies that share a passion for excellence and a long tradition of being best-in-class brands in their respective niches. We are excited to build upon the fine tradition established by the Gold family over the last several generations.”
Steven Gold, co-Owner of Gold’s, stated, “It was important for our family to align Gold’s with an experienced food industry investor like LaSalle Capital, and a strong operating partner in Westminster that understand how to grow “all natural” specialty food businesses. We are impressed with the Westminster management team and its impressive growth over the last several years. Our family is excited about the future growth prospect of the combined operation and believes significant expansion opportunities exist with these two iconic brands.”