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H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $43 billion of equity capital under management, is pleased to announce that its portfolio company, Lipari Foods (“Lipari” or the “Company”), a leading distributor, manufacturer, and importer of perimeter-of-the-store, specialty, and branded food products, has acquired the assets of Tut’s International Export & Import Co., Inc. (“Tut’s International” or “Tut’s”).
Located in Dearborn, MI, Tut’s International has been importing and distributing high-quality Middle Eastern and Eastern European foods in North America for nearly 50 years. The company imports more than 4,000 products from approximately 80 countries, proudly serving over 3,000 grocery retail customers. Tut’s International offers multiple brands including Dobrova, Shahia, and Lebanon Valley across a broad product portfolio including olive oils