MidOcean acquires food & nutrition specialist QualiTech

MidOcean Partners (MidOcean), a New York-based alternative asset manager specialising in middle-market private equity and alternative credit investments, has acquired QualiTech, a family-owned global manufacturer of plant nutrition, animal nutrition and food ingredient products and services.

Terms of the transaction, which transfers ownership of the company to MidOcean from the Ploen family, have not been disclosed.

Founded in 1967 and headquartered in Chaska, QualiTech produces a variety of savoury blends for consumer food products, vitamins and minerals for pet and livestock feed, and speciality nutrition for plants.

MidOcean plans to leverage its food industry knowledge to support QualiTech's continued growth through both organic investments in research and development and product innovation, and strategic transactions.