| Claridge Inc. is pleased to announce the sale of one of its portfolio companies, La Terra Fina USA, based in Union
City, California, to an affiliate of HP Hood LLC. Pierre Boivin, the President and CEO of Claridge Inc., stated,
"We are extremely proud of the level of success that the management team at La Terra Fina USA has accomplished
since the acquisition in 2005. Claridge is excited about the future growth prospects of the company in the hands
of an outstanding organization with similar values to us and that have the resources and successful track record
to allow La Terra Fina USA to reach its full potential".
About La Terra Fina USA
La Terra Fina USA is located in the San Francisco Bay area and manufactures and distributes a full line of
refrigerated dips and quiches nationally and internationally. All recipes are made with simple, wholesome, natural
ingredients to deliver fresh taste. La Terra Fina USA, known for clean label products has been expanding into the
Organic category with a new range of products.
About HP Hood LLC
Founded in 1846, today Hood is one of the largest branded dairy operators in the United States. Hood currently
owns and operates 13 manufacturing facilities throughout the U.S. and has an in-house research and development
operation which supports their superior product quality and innovation. Hood is the number one dairy brand in New
England, and Hood's portfolio of national and super-regional brands and franchise products includes Hood,
Crowley®, Simply Smart® Milk, Heluva Good!®, LACTAID®, BAILEYS® Coffee Creamers, HERSHEY'S Milk and Milkshakes
and Blue Diamond Almond Breeze® Almondmilks. For more information about Hood, please visit www.Hood.com .
About Claridge Inc.
Claridge Inc. represents the interests of the Stephen Bronfman family and is actively involved in the management
of a diverse portfolio of investments in private equity, hedge funds, public equities, and real estate. The other
food company currently held in their portfolio is Plats Du Chef based in Montreal Quebec, Canada. Plats Du Chef is
a leading manufacturer and distributor of branded and private label frozen meals, snacks and appetizer products in
Canada and the USA.
Claridge Inc. was advised by Houlihan Lokey and Davies, Ward, Phillips & Vineberg.
Questions should be directed to:
Claridge Inc.:
Zeno Santache
Chief Financial Officer
514-878-5220
HP Hood LLC:
Lynne Bohan
Vice President of Communications
617-887-8321
Source: Claridge Inc.
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