Sandy Hill invests in frozen meals firm, importer

Locust Valley, New York. — Sandy Hill Traders made minority investments in Sviroli Meals, Inc. and Vertullo Imports, LLC.

Based mostly in Backyard Metropolis, New York, Seviroli Meals manufactures frozen pasta and different meals merchandise for foodservice, golf equipment, and grocery/retail channels. The product vary contains chef-inspired and artisanal pastas, sauces and Italian desserts. The corporate started as a pastry store in Queens in 1960 when Joseph Seviroli Sr. purchased a machine from Italy and commenced making merchandise, together with tortellini, which weren’t widespread in New York on the time. .

Vertullo Imports, Backyard Metropolis imports 150 gadgets from 19 nations. Merchandise embody pasta, rice, sauces, oils, truffles and different contemporary and frozen meals. Vertullo provides merchandise not solely to Seviroli, but in addition to third-party meals service, retail and e-commerce prospects.

Joseph Seviroli Jr., proprietor of Seviroli Meals, and Paul Vertullo, Chief Working Officer of Seviroli Meals and Vertullo Imports, will proceed to run the corporate and have possession of the brand new partnership. Along with Sandy Hill’s stake, Mill Level Capital has made important investments. Sandy Hill will be a part of the Board of Administrators of the brand new post-merger firm.

Matthew J. Bruderman, Chairman of Sandy Hill, the non-public funding affiliate of the Brudermann household, mentioned: workplace. “This thrilling partnership between Mill Level Capital and the individuals who constructed these corporations with ardour and arduous work will assist create robust meals manufacturers.”

Author: ZeroToHero

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