Bellisio Foods, a portfolio company of Centre Partners, has agreed to acquire Overhill Farms (NYSE: OFI) for about $80.9 million. OFI shareholders will receive $5 per share, which represents a 26% premium. Overhill is a California-based frozen food manufacturer that serves the branded retail, private label and foodservice markets. Fellow frozen food manufacturer Bellisio was acquired by Centre Partners in 2011. For the past two years, Bellisio and Overhill Farms have produced and distributed frozen meals under the Boston Market brand through an exclusive co-manufacturing and distribution agreement.