Logistics investment firm acquires fresh cut processor Freshway Foods

Investment firm Red Arts Capital, which specializes in supply chain-related and logistics businesses, has acquired fresh cut processor Freshway Foods.

Chicago-based Red Arts Capital will offer Freshway strategic, financial and organizational support, according to a news release.

“Freshway has an incredible history, with origins dating back to 1895. Given Red Arts’ focus on family-owned businesses, we were drawn to the company’s compelling story, as well as their unique place in the market,” Nick Antoine, Red Arts co-founder, co-CEO and co-managing partner, said in the release. “With existing synergies between Freshway’s operating procedures and Red Arts’ experience across the food industry, it made immediate sense for us to join forces and support their growth journey.”

Freshway will continue to be led by current president Devon Beer, who has been with the company since 2000 and was previously its chief financial officer.

“I’m excited to work with Red Arts, who are well-known and respected across the industry,” Beer said. “Together, along with the incredible team that we have spent years building internally, I know that we will continue to lead the industry in innovation and service.”

Red Arts acquired Freshway from food supplier and distributor US Foods.

“We are grateful to the US Foods team for their professionalism and collaboration throughout this process,” said Chris Hull, Principal at Red Arts. “Their support ensured a smooth transition, allowing us to focus on continuing Freshway’s legacy of exceptional service and operational excellence.”

For almost 40 years, Freshway Foods has been a leading fresh cut processor delivering customized product solutions for retail and foodservice customers as well as cross-docking and repacking services.