April 18, 2023

Benford Capital Food Platform Completes Second Add-On Acquisition

Benford Capital Partners (“Benford Capital” or “BCP”) and its portfolio company, Brothers International Food, LLC (“Brothers” or the “Company”), are pleased to announce the acquisition of Hosh International LLC (“Hosh”). The acquisition adds another leading B2B ingredients company to Brothers following the acquisition of Dennick FruitSource (“Dennick”) in November 2021.

Founded in 2004 and based in Fort Lauderdale, FL, Hosh operates a similar business model to Brothers’ B2B ingredients division as a value-added supplier of fruit and vegetable juice concentrates and purees to global CPG companies. The combination of these companies results in a significantly larger and more diversified customer base, and a broader product portfolio supported by a best-in-class, global supplier network.

“Emad Hosh and the Hosh employees have built a terrific company with outstanding and long-tenured customer and supplier relationships,” said Brothers Founder and CEO, Travis Betters. “We look forward to capitalizing on significant cross-selling opportunities through the joint efforts of our combined teams.”

Emad Hosh added, “It was truly a pleasure working with the BCP and Brothers leadership teams throughout this process. I am very excited to partner with Brothers in the years ahead as we continue to provide exceptional customer service and deliver high-quality products from our diverse global supplier base.”

BCP, Brothers, and Hosh will continue investing in sales, marketing, operations and new product development to support organic growth. Both Brothers and Hosh will continue to operate under their respective names and maintain their current operations in Rochester, NY and Fort Lauderdale, FL, respectively.  BCP and Brothers will also continue to pursue add-on acquisitions of other B2B ingredients companies.

Commenting on the new investment, Benford Capital Principal Brendan Green added, “The acquisition of Hosh represents the continued execution of our value creation plan, which includes further consolidating the B2B fruit ingredients space. Brothers has more than doubled sales organically since our initial investment in December 2020, and the Hosh acquisition significantly expands the Company’s customer base, end-products, and channel exposure for its portfolio of fruit ingredients.”

About Brothers

Brothers is a highly successful food company with two distinct and complementary divisions: (i) the B2B ingredients division, a value-added supplier of unique and exotic fruit ingredients sold to large food and beverage companies and (ii) the Brothers All-Natural division, the market leader in branded, private-label, and co-branded freeze-dried fruit snacks sold through supermarket, mass, drug and e-commerce retailers.  Benford Capital partnered with Brothers and Travis Betters, Founder and CEO, in December 2020 as the second platform investment in Benford Capital Partners I, L.P.

About Benford Capital Partners

Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management.  Since inception, Benford Capital has acquired over 40 companies and currently owns 15 platform companies.  BCP’s industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services.  For more information, please visit www.benfordcapital.com.

Please contact Ben Riefe (ben@benfordcapital.com) or Brendan Green (brendan@benfordcapital.com) with any questions or add-on acquisition ideas related to Brothers.