Reddy Family Expands Manufacturing With Trillium Foods, Backed by Bain Capital

There’s a new-ish manufacturer in town.

After Flavor Reddy Foods grew its food manufacturing footprint and capabilities via four strategic acquisitions in the past two years, the company is bringing the combined businesses together under one new entity, Trillium Foods, which debuted today, backed by Bain Capital.

The new business is majority-owned by the Reddys, one of India’s wealthiest families and operators of multinational pharmaceutical company Dr. Reddy Laboratories. It’s also received investment from Bain Capital Credit Group, which has partnered with a range of food-related companies in the past, such as Bloomin’ Brands, Brakes Group Food Distribution, Bread Holdings, Dunkin’ Brands Group, Domino’s Pizza, Fogo de Chão and Valeo Foods, as well as others.

Building on its existing business with Flavor Reddy Foods, which innovates and produces condiments, dressings, syrups and spreads, Trillium now has increased capacity and added manufacturing capabilities, while debuting with an extensive roster of existing customers. The Chicago-based company can produce dressings, sauces, mayonnaises, syrups and beverage mixes for foodservice, retail and food processing use.

“Our team is committed and completely aligned with our mission of delivering greater value for our customers, and we are excited about the opportunities this combination presents,” said Ash Reddy, Trillium CEO, in a statement. “Bain Capital shares our long-term vision and collaborative approach to the partnership. I’m confident that by joining forces, we will execute on the aggressive growth agenda in front of us.”

Trillium’s national footprint includes 16 manufacturing plants, three culinary centers and one refinery, staffed by nearly 500 employees. It can produce more than one billion pounds of finished goods each year, the company said in a press release.

In 2023, the company made its first acquisition, buying up Cincinnati, Ohio-based Dominion Liquid Technologies, expanding its liquid food and beverage capabilities. The following year it purchased Pennsylvania-based condiment maker Lancaster Fine Foods and in 2025, added Alabama-based Southern Classic Food Group to its portfolio, a producer of “branded mayonnaise, dressings, sauces, and syrups,” the release states.

With these four businesses now on board, Trillium is launching with a range of “high quality existing customer relationships,” more manufacturing capacity and added capabilities across sweet and sweet liquid categories.

“Ram [Reddy] and Ash have built an incredible business which has earned them the long-term trust of their customers to continually innovate and deliver on market-leading food and beverage products,” said June Huang, managing director at Bain Capital, in a release. “Bain Capital has a long history of supporting founder-owned businesses and we are thrilled to partner with the Trillium team on their next stage of growth.”