About Michael Foods
Michael Foods is a company based in Minnetonka (United States) founded in 1987 was acquired by Thomas H Lee Partners in November 2003.. Michael Foods has raised $236.2 million across 1 funding round from investors including Thomas H Lee Partners, Vestar Capital Partners and Goldner Hawn. The company has 125 employees as of December 31, 2022. Michael Foods has completed 2 acquisitions, including Almark Foods and Henningsen Foods. Michael Foods offers products and services including Eggs, Potatoes, French Toast, Mac and Cheese, and Dried Meats. Michael Foods operates in a competitive market with competitors including General Mills, Danone, Kraft Heinz Company, NotCo and Conagra Brands, among others.
- Headquarter Minnetonka, United States
- Employees 125 as on 31 Dec, 2022
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Michael Foods, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$236.2 M (USD)
in 1 rounds
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Latest Funding Round
$236.2 M (USD), Unspecified
Jul 30, 2010
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Investors
Thomas H Lee Partners
& 2 more
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Employee Count
125
as on Dec 31, 2022
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Investments & Acquisitions
Almark Foods
& 1 more
- Acquired by
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Products & Services of Michael Foods
Michael Foods offers a comprehensive portfolio of products and services, including Eggs, Potatoes, French Toast, Mac and Cheese, and Dried Meats. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Value-added eggs for simplified meal preparation in foodservice
Products for various applications in restaurants and institutions
Ready-to-use items for breakfast and snacks
Convenience products for quick foodservice preparation
Ingredients for sauces, dressings, and entrees
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Software Development Team
14 people
Human Resources and Administration
13 people
Leadership Team
13 people
Sales and Marketing
9 people
Finance and Accounting
7 people
Operations Team
6 people
Maintenance Team
3 people
Continuous Team
3 people
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Funding Insights of Michael Foods
Michael Foods has successfully raised a total of $236.2M through 1 strategic funding round. The most recent funding activity was a Unspecified round of $236.2 million completed in July 2010. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Unspecified — $236.2M
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First Round
First Round
(30 Jul 2010)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2010 | Amount | Unspecified - Michael Foods | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Michael Foods
Michael Foods has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Thomas H Lee Partners, Vestar Capital Partners and Goldner Hawn. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A leading private equity firm focused on value creation.
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Founded Year | Domain | Location | |
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Goldner Hawn is engaged in private equity investments.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward traditional industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Michael Foods
Michael Foods has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Almark Foods and Henningsen Foods. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Egg-based food products are processed by Almark Foods.
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1998 | ||||
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Grocery products are distributed electronically to food industry sectors.
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1889 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Michael Foods
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Michael Foods Comparisons
Competitors of Michael Foods
Michael Foods operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as General Mills, Danone, Kraft Heinz Company, NotCo and Conagra Brands, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category food products are produced and distributed globally.
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| domain | founded_year | HQ Location |
Health-focused dairy and plant-based food products are offered.
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| domain | founded_year | HQ Location |
Processed foods and beverages are manufactured globally.
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| domain | founded_year | HQ Location |
AI-powered technology is developed for food product innovation and development.
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| domain | founded_year | HQ Location |
Vertically integrated company in manufacturing and supply of value-added meat and food products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Michael Foods
Frequently Asked Questions about Michael Foods
When was Michael Foods founded?
Michael Foods was founded in 1987 and raised its 1st funding round 23 years after it was founded.
Where is Michael Foods located?
Michael Foods is headquartered in Minnetonka, United States. It is registered at Minnetonka, Minnesota, United States.
Is Michael Foods a funded company?
Michael Foods is a funded company, having raised a total of $236.2M across 1 funding round to date. The company's 1st funding round was a Unspecified of $236.2M, raised on Jul 30, 2010.
How many employees does Michael Foods have?
As of Dec 31, 2022, the latest employee count at Michael Foods is 125.
What does Michael Foods do?
Michael Foods was established in 1987 in Minnetonka, United States, within the food processing sector. Operations focus on the production and distribution of egg products, dairy items, and potato-based ingredients. Services include manufacturing, packaging, and supply chain management for foodservice and retail clients. The company maintains facilities across the U.S., supporting domestic and international markets with standardized quality controls.
Who are the top competitors of Michael Foods?
Michael Foods's top competitors include Kraft Heinz Company, General Mills and NotCo.
What products or services does Michael Foods offer?
Michael Foods offers Eggs, Potatoes, French Toast, Mac and Cheese, and Dried Meats.
How many acquisitions has Michael Foods made?
Michael Foods has made 2 acquisitions, including Almark Foods, and Henningsen Foods.
Who are Michael Foods's investors?
Michael Foods has 3 investors. Key investors include Thomas H Lee Partners, Vestar Capital Partners, and Goldner Hawn.
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