LiDestri Foods

KPMG Corporate Finance LLC is pleased to announce that LiDestri Foods, Inc. has successfully divested its aseptic beverage manufacturing subsidiary to Baldwin Richardson Foods Company.

Located in Pennsauken, NJ, the Pennsauken Packing Company, LLC (PPC) is a contract manufacturer of aseptic beverages in polyethylene terephthalate (“PET”) bottles. PPC’s manufacturing facility includes three best-in-class aseptic processing lines (both high and low acid) capable of producing high-quality, high-demand beverages in sustainable packaging for blue chip, industry-leading beverage brands. Products include flavored waters, juices and plant-based beverages.

Celebrating its 50th anniversary this year, LiDestri is a premier private label and contract manufacturer of pasta sauces, salsas and dips for the retail and food service markets. The Company is the largest producer of pasta sauces in the United States and includes some of the most well-known branded food companies, store brands and food service suppliers as customers. Over the last two years, LiDestri’s mission has been to refocus and unlock the growth potential within its core foods business. The divestiture of its aseptic beverage manufacturing operations was an important final step for this strategy

“We are grateful our 50-year foundation and high standards have earned the trust of the largest and fastest growing brands in the country,” said Co-CEO Stefani LiDestri. “Together with our brand partners we have a clear path to accelerating significant growth as the leading pasta sauce, dips and salsa manufacturer in the United States.”

“Today is a celebration for us,” added Co-CEO John LiDestri. “We are proud of our strategic brand partners who are forecasting increased demand. As they lean into the LiDestri legacy for their most relevant and growing brands, we have the focus and fortitude to deliver on LiDestri’s aggressive growth plan ahead.”

About LiDestri Foods

LiDestri is a premier private label and contract manufacturer of food products and is the leading producer of pasta sauces, dips and salsas in the United States. Established 50 years ago, LiDestri’s 1,000 employees produce 3 million food items each day in its production facilities in the Rochester, NY suburbs of Fairport and Greece as well as in Fresno, CA. The Company is known for its philanthropy and has supported Paul Newman’s Hole in the Wall Gang children’s charity for over 30 years providing support for seriously ill children and their families. 

About Baldwin Richardson Foods

Baldwin Richardson Foods is a leading custom ingredients manufacturer for the food and beverage industry.

KPMG Corporate Finance

The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.