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LIPARI FOODS FINALIZES ACQUISITION OF PENNSYLVANIA-BASED HEAGY FOODS, INCREASING DISTRIBUTION SERVICE AREA

WARREN, Mich. – On Friday, November 2, Lipari Foods, a leading Midwest food distributor based in Warren, Mich., closed on the acquisition of the specialty deli company, Heagy Foods, including the Guernsey’s Gift brand.  Heagy Foods is headquartered in Lancaster, Pennsylvania. The opportunity increases Lipari’s eastern Pennsylvania distribution area along with expanding their portfolio of specialty deli product offerings.

Thom Lipari, President and CEO of Lipari Foods says: “We are excited to team up with a solid, service driven company like Heagy Foods.  Adding a variety of their specialty deli products to Lipari’s portfolio along with ability to expand the Lipari distribution footprint will surely bring added value to both Lipari’s existing customers as well as customers that are currently serviced by Heagy Foods.”

Lipari’s strategic position continues to be one of the premier “perimeter of the store and specialty grocery distributors in the US.  The acquisition of Heagy Foods is a natural “next step” for Lipari, as Lipari continues to expand their service area within Pennsylvania and beyond.

About Heagy Foods, Inc.

In 1953, Richard M. Heagy purchased a small deli stand at a Farmer’s Market in Philadelphia. It was there where he started his own business of “Richard M. Heagy’s Quality Smoked Meats and Cheese” located in his home.  As demand grew for his products, area businesses began to request wholesale orders and Richard M. Heagy, Inc. came to fruition.

Now known as Heagy Foods, the company is renowned for its service and distributes cheeses, deli meats, and frozen foods to independent grocery stores, corporate chains, and numerous other retailers and wholesalers.