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Connecticut private equity firm Brynwood Partners has acquired Joseph’s Pasta Co., the 23-year old Haverhill company that makes frozen pasta and sauces.
Brynwood Partners of Greenwich, Conn., through an investment fund purchased Joseph’s from Nestlé Prepared Foods Co., which has owned the pasta company since 2006. The financial terms of the deal were not disclosed.
“We’re really excited to have acquired the Joseph’s business and we look forward to investing in the company and putting it on a growth track,” said Henk Hartong, senior managing partner at Brynwood Partners.
Joseph’s makes more than 300 varieties of frozen pastas and sauces, which it predominantly sells at wholesale to restaurants. The company employs more than 300 workers at a 150,000-square-foot manufacturing plant in Haverhill.