Berkeley, CA— Sovos Brands’ latest acquisition is Rao’s Specialty Foods, a producer of premium pasta sauce. This is Sovos Brands’ second acquisition in less than six months following their purchasing of Michael Angelo's Gourmet Foods in January 2017.
Sovos Brands is an up and coming food and beverage company looking to build and acquire food brands. It gets its financial backing from Advent International, a seasoned global private equity investment company.
"Rao's Specialty Foods is a great addition to the portfolio we are creating of one-of-a-kind brands in the food and beverage sector," said Todd Lachman, president and CEO of Sovos Brands in a press release. "Working alongside the company's talented management team, we see numerous opportunities to grow the Rao's Homemade brand and expand Rao's Specialty Foods into adjacent food categories."
Along with their pasta sauce made with high quality ingredients, Rao’s Specialty Foods also produces their own pasta, dressings, marinades, olive oils, vinegars, tomatoes and fire-roasted red peppers.
"We are thrilled to join the Sovos Brands family," said Eric Skae, CEO of Rao's Specialty Foods. "With the resources and expertise of Sovos and Advent, we will be in an even stronger position to pursue the significant growth opportunities ahead of us. We look forward to expanding our product offering and introducing more consumers to the authentic taste of our pasta sauces and other specialty foods."
