Paine & Partners Buys Frozen Fruit Co. from Sun Capital
March 21, 2013
Paine & Partners has acquired Sunrise Growers~Frozsun Foods, a California-based frozen fruit processor, from Sun Capital Partners. Headquartered in Placentia, CA, with additional facilities in Oxnard and Santa Maria, CA, Sunrise's products include frozen strawberries, blueberries, blackberries, raspberries, cherries, peaches and fruit blends. Sun Capital invested in the company in June 2008. Sunrise's new PE investor, Paine & Partners, focuses on the food and agribusiness spaces, and is currently investing through its $1.2 billion fund, Paine & Partners Capital Fund III.