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August 7, 2009 (FinancialWire) -- Triangle Capital Corp. (NASDAQ: TCAP | Quote | Chart | News | PowerRating) announced that it closed a $7.5 million subordinated debt investment in Frozen Specialties, Inc. ("FSI"). FSI is a leading manufacturer of private label frozen pizzas and pizza bites, sold primarily through the retail grocery channel.
"The private label food industry is experiencing favorable market conditions as increasingly cost conscious consumers gravitate toward high quality alternatives to branded products. TCAP is excited to partner with FSI's management team and continue its expansion in the private label value pizza market," commented Garland S. Tucker, III, president and chief executive officer of the company.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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