Palermo Villa, Inc. Acquires Connie’s Frozen Pizza
We're pleased to announce that Palermo Villa, Inc. has acquired the assets of Connie's Naturals, LLC, the Carol Stream, Illinois-based frozen pizza company. The transaction does not include Connie's restaurants, which are located throughout Illinois.
With the acquisition, Connie's frozen pizza becomes part of the Palermo's Family of Brands, which includes Palermo’s Pizza®, P’mos™, Screamin’ Sicilian™ and Urban Pie Pizza Co.™ Included in the acquisition are trademarks for various varieties of Connie’s frozen pizza, which Palermo’s is already manufacturing using the original recipes under an agreement that went into effect last fall. Palermo’s also provides much of the distribution for Connie’s frozen pizza as part of that same agreement.
“This acquisition helps solidify Palermo’s position as one of the nation’s largest pizza companies,” said Giacomo Fallucca, President and CEO. “Adding Connie’s to our offerings expands our footprint in the Midwest and particularly in Chicago, one of the biggest frozen pizza markets in the country. And, of course, it will further strengthen our business in a highly competitive industry.” He added that the relationship has already increased jobs at Palermo’s manufacturing facility in Milwaukee’s Menomonee Valley, further demonstrating the company’s commitment to Milwaukee.
Connie’s frozen pizza is a natural fit for Palermo’s. Both companies are family owned and were started in the Midwest in the early 1960s by the fathers of the current owners. Additionally, both companies made their marks in the industry by providing high quality, innovative products that have loyal fans.
“We’re confident that Palermo’s will continue to make Connie’s frozen pizza with the quality and passion that my family has for decades,” said Marc Stolfe, President of Connie’s Naturals, LLC.
As part of the purchase, Palermo’s is introducing new Connie’s frozen pizza packaging and a refreshed Connie’s frozen pizza website with a new URL (www.conniesfrozenpizza.com).
Palermo’s expects to fund the transaction through working capital.
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