Lipari Foods Acquires I&K

Online, April 19, 2012 (Newswire.com) - Lipari Foods Acquires Ohio-Based I & K Distributors

(Warren, Mich.) Lipari Foods, a leading Midwest food distributor based in Warren, Mich., has acquired I & K Distributors of Delphos, Ohio. This acquisition brings together two Midwest companies creating efficiencies and a stronger product portfolio for both companies' customers.

The acquisition continues Lipari's strategic growth to be the leading "perimeter of the store" distributor. I & K's strong dairy case portfolio complements Lipari's current category offerings, further strengthening its ability to service both Lipari and I & K customers. "We see this as a win-win for us and the customer," states Lipari Foods President/CEO, Thom Lipari. "I & K is a perfect fit since its go-to-market strategy and basic philosophy on servicing the customer are very similar to what we believe at Lipari Foods. We're excited about the new opportunities this acquisition brings our company as well as our combined customer base."

About Lipari Foods, Inc.
Lipari Foods was founded in 1963, the next step in the career of Jim Lipari, who began by delivering unique products from the back of his Buick station wagon. Today Lipari Foods distributes a wide range of quality bakery, dairy, deli, packaging, seafood, grocery, and confectionary products to nearly 5,000 customers in more than 11 states.

About I & K Distributors
I & K Distributors was founded in 1966 with the purchase of Yoder salad business, specializing in manufacturing and distributing salads to 75 Delphos, Ohio, area customers on a single company truck. In 2012 I & K distributed 3,600 SKUs to over 4,000 customers throughout six Midwest states.

For more information, please contact Laura Liras, Marketing Manager at 586.447.3500 ext. 9346 or [email protected].