La Salle Capital has created a new food platform, and the eighth platform investment from its second fund through the recapitalization of Westminster Cracker Co. and the acquisition of Gold Pure Food Products Co.

 

Founded in 1828, Rutland, Vermont-based Westminster is a leading producer of premium all-natural snack and oyster cracker products which are distributed across the U.S. to top restaurants and foodservice establishments under the Olde Cape Cod and Westminster brand names.

 

Located in Hempstead, New York and founded in 1932, Gold Pure Food manufactures all natural quality fresh horseradish and specialty mustards, cocktail sauces and condiments which are sold across the U.S. market under the Gold’s and Nathan’s brand names.

 

“The acquisition of Gold’s and combination with Westminster unites two leading, specialty food companies that share a passion for excellence and a long tradition of being best-in-class brands in their respective niches. We are excited to build upon the fine tradition established by the Gold family over the last several generations,” says Bob Abramowitz, chief executive of Westminster, who will be tasked with managing the newly combined operation.

 

La Salle Capital is a leading private equity firm focused on the lower middle market with two funds totaling over $300 million. The firm grows middle market businesses through promoting organic growth, adding value, and through acquisitions.