NEW YORK, December 31, 2001 — Bruckmann, Rosser, Sherrill & Co. (“BRS”) announced today that it had completed a recapitalization of Eurofresh, Inc. (“Eurofresh”) with members of management. Willcox Arizona-based Eurofresh is a leading year-round producer of hydroponically grown, certified pesticide-free tomatoes. This recapitalization will allow Eurofresh to continue its expansion and allow the company to serve more customers across a wider range of geographies.
With 140 acres of state-of-the-art glass greenhouses, Eurofresh operates the largest glass greenhouse facility of its kind in the world. For the each of past five years Eurofresh has been named “America’s best tasting tomato” by the American Tasting Institute. Eurofresh was founded in 1992 with the construction of the first 20-acre block of greenhouses, and has steadily expanded since then.
BRS is a New York based private equity investment firm with approximately $1.2 billion under management. BRS was founded in 1995 and has since invested in over 20 companies in the following industries: restaurants, consumer goods, specialty retail, recreation/leisure, apparel, home furnishings, industrial and commercial services (including equipment rental), commercial equipment manufacturing, wholesale distribution and healthcare services. BRS makes leveraged buyout, recapitalization/restructuring and growth capital investments in companies with superior management, predictable cash flow, strong market share and growth potential. All management teams of BRS companies are equity investors in their businesses. For more information about BRS please call (212) 521-3700 or visit www.brs.com.