Hofmann Sausage Company has a strong brand, quality products and a loyal fan base. By leveraging these factors and increasing product placement… we plan to take the company to the next level of brand recognition and profitability.
Dallas, TX (PRWEB) May 10, 2012
Dallas-based Zaccanelli Food Group (ZFG) announced its acquisition of Hofmann Sausage Company – Syracuse, New York’s popular purveyor of premium sausages, hot dogs and other quality meat products. A family-run business founded by Frank W. Hofmann in 1879, Hofmann has become a household brand throughout central New York and select markets down the East Coast. They plan on opening a restaurant at Trinity Groves in West Dallas.
“We plan to transition the brand from a regional icon to a national and international brand, while maintaining the Hofmann family tradition of quality and exceptional customer service,” said Frank Zaccanelli. “Hofmann Sausage Company has a strong brand, quality products and a loyal fan base. By leveraging these factors and increasing product placement, through our wholesale outlets and the development of our Quick Service Restaurant (QSR) concept created by the famed restaurateur Phil Romano, we plan to take the company to the next level of brand recognition and profitability.”
Zaccanelli, a Syracuse native, will serve as the company’s president and CEO. Zaccanelli is seasoned investor and investment management professional with over 32 years of merger and acquisition and business development experience in both existing businesses and venture capital start-ups. Among his most notable accomplishments, Zaccanelli served as the president, general manager, and minority owner of the NBA’s Dallas Mavericks.
Rusty Flook, former Hofmann Sausage Company president and fifth generation Hofmann family owner, will remain active in the company as vice chairman, board member, and investor.
Flook draws attention to his family’s tradition of providing quality meat products and exceptional customer service, saying “the acquisition and succession by the Zaccanelli Food Group is a perfect way to honor and expand upon the Hofmann family legacy.”
“Our main objectives of excellence, quality and tradition will not change. The markets and restaurants we serve can expect the same level of legendary service, and those who enjoy our products can count on us to provide the foods they love. This acquisition will allow us to continue doing that on an even larger scale,” Flook said.
Lead investor, Oneida Nation Enterprises, led by CEO Ray Halbritter, said “Joining in this acquisition proves the Oneida Indian Nation’s commitment to diversifying our enterprises and re-investing in central New York. Hofmann is an iconic brand in this region. The Oneida Nation is proud to be part of the group that takes it to the next level,” Halbritter said.
Zaccanelli said, “I brought this investment opportunity to my friends at the Oneida Indian Nation because of heir entrepreneurial spirit and successful history of creating jobs and helping grow the region’s economy.”
Other major investors include Jim Boeheim, men’s basketball coach at Syracuse University; famed restaurateur Phil Romano, creator of a number of popular national restaurants, including Fuddruckers, Romano’s Macaroni Grill, eatZi’s Market & Bakery and Cozymel’s; former Syracuse Police Chief Dennis DuVal, and Roger Staubach, former Dallas Cowboys quarterback, member of the Pro Football Hall of Fame, and successful businessman.
“As a native central New Yorker who grew up eating Hofmann hot dogs, I am excited to be a part of this fantastic opportunity, and I look forward to developing a Quick Service Restaurant featuring “Hofmann’s World’s Greatest Hot Dogs,” Phil Romano said.
About Hofmann Sausage Company
Hofmann Sausage Company is a high-quality meat manufacturer and distributor based in Syracuse, N.Y. The company offers more than 80 products, which are available in a variety of retail locations and online. For more information, visit http://www.hofmannsausage.com.
Financial terms of the deal were not disclosed.