Kelso Fund X Announces Investment in Ferraro Foods
April 5, 2021
Kelso is pleased to announce that certain of its affiliate funds completed the acquisition of Ferraro Foods in April 2021. Ferraro is a foodservice distributor focused on the Italian specialty and pizzeria markets. Headquartered in New Jersey, the Company operates seven distribution centers. Ferraro serves restaurants along the U.S. east coast, with its top markets in New York, New Jersey, Connecticut, and Pennsylvania. Ferraro serves a diversified customer base that consists primarily of independent restaurants (e.g., family owned establishments with one to two locations). The Company maintains ~7,000 active SKUs, including a portfolio of high-margin proprietary brands. Ferraro has a strong reputation within its markets and differentiates itself relative to competitors due to the Company’s strong customer service, high quality product offerings, and market expertise.