Amylu Foods Cooks Up Growth With New Investment

Amylu Foods has secured an investment from TowerBrook Capital Partners and Prelude Growth Partners that will support continued retail expansion.

Dating back just over a century, Chicago-based Amylu Foods manufactures value-added chicken products including sausages, meatballs and burgers that are sold under the Amylu brand and private label. The company produces dozens of offerings featuring organic, antibiotic-free and nitrate-free claims. Earlier this year, the brand unveiled Frozen Breakfast Patties and an Organic Chicken Sausage line.

Last year, Amylu Foods acquired Klement’s Sausage Company, diversifying its portfolio into new categories, including snack sticks and summer sausages, while enhancing its production capacity.

The company said it plans to leverage its partnership with TowerBrook to further scale operations and expand across channels.

“At Amylu, our success has always been built on delivering great-tasting, clean-ingredient products that our consumers genuinely love and trust. This partnership with TowerBrook is the natural next step for our growth strategy, and we’re confident they’re the right partner to help us expand our business across the nation given their strong track record of scaling food businesses, particularly in the protein space,” said Steven Zoll, CEO of Amylu Foods, in a press release.

A Certified B Corporation, TowerBrook Capital Partners has $23 billion of assets under management and invests in businesses across multiple sectors in Europe and North America spanning consumer products and services, financial services, business services and healthcare.

“Amylu’s long-standing commitment to quality, innovation, and health-conscious convenience has earned it a strong reputation in the industry and outstanding commercial momentum,” said Michael Recht, managing director of TowerBrook, in the release. “We look forward to partnering with Steve and the Amylu team to continue to build upon the company’s legacy of delivering unique products to its loyal consumers.”

Sidley Austin served as legal counsel to TowerBrook. J.P. Morgan and Winston & Strawn acted as financial advisor and legal counsel, respectively, to Amylu Foods.

Prelude Growth Partners, a leading consumer-focused growth equity firm, this week announced the close of its third fund with $600 million in total commitments, bringing its total assets under management to $1.3 billion. The group supports “brands made for the new modern consumer” by providing category experience and value-added operational support. Its food and beverage investment portfolio includes Riverside Natural Foods (Made Good), Bachan’s, So Good So You, Banza and Fly By Jing.