Tsue Chong Company Acquired by Savr Foods, LLC
Alexander Hutton is very pleased to announce the acquisition of its client the Tsue Chong Company, Inc, (Tsue Chong) by SAVr Foods, LLC (SAVr).
Tsue Chong was founded in 1917 by great-grandfather Gar Hip Louie in a small storefront located on South Jackson Street in Seattle’s Chinatown. Tsue Chong carved out a foothold becoming the areas first local noodle supplier. After over 100 years of operation, the company has thrived so that its Rose Brand of products are highly valued by customers for quality and taste
Commenting on the transaction Tsue Chong CEO and fourth generation shareholder Tim Louie said “We are very pleased and grateful for this transaction and all that the Alexander Team did to make it happen. Given our family’s history with the company, it was very important to have the right acquirer and the right financial deal. Thankfully, in this deal we have both.”
Scott Hardman, Alexander Hutton Managing Director, said “We are thrilled to have completed this deal on behalf of Tim and the Louie family. Camillo Cheng and the SAVr Foods team clearly demonstrated their deep appreciation for the legacy of the Tsue Chong Company which was so very important to our client.
Tsue Chong’s legal counsel was Ryan Swanson & Cleveland and SAVr’s was Lasher, Holzapfel, Sperry & Ebberson.
Financial terms of the transaction were not disclosed.