THL, Goldman to Buy CTI Foods

Thomas H. Lee Partners and an affiliate of Goldman, Sachs & Co. have agreed to buy CTI Foods. Littlejohn & Co. is the seller. Financial terms weren't announced. Morgan Stanley and Goldman Sachs provided commitments for the debt financing. CTI, which has corporate offices in Fort Worth, Texas and Wilder, Idaho, provides custom food solutions to major chain restaurants in North America. Goldman provided financial advice to THL and Goldman.

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