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Mergers and Acquisitions Food and Beverage

 

Products that support the diverse lifestyles of consuming households differ from culture to culture.  Demand for consumption of consumer staples continues to increase as higher disposable incomes stimulate greater demand for product consumption. Our advisors remain abreast of the country- and culture-specific preferences that influence competitors in this industry.

 

See 2010 Food and Beverage Report

 

Superior Quality Foods, Inc.

Superior Quality Foods, Inc. (“SQF”) manufactures food bases and flavors, gravy and sauce mixes and seasoning blends for Retail and Industrial customers. In the Retail segment, SQF products can be found under the brand names Better Than Bouillon®, Better Than Gravy®, Crockery Gourmet™, Mejor Con Caldo™ and SalsArriba™. According to Information Resources Inc., Better Than Bouillon is the #2 bouillon in traditional U.S. grocery stores and the #1 bouillon in Organic and Natural Foods grocery stores. Better Than Bouillon is available in over 80% of the United States, and is also sold in Canada and other countries. In the Industrial segment, SQF is a supplier to leading branded and private label food manufacturers, which use the Company’s bases as a key ingredient in frozen entrees and soups. In addition, Chefs use SQF bases as the starting point for their back‐of-house recipe creations.  Superior Quality Foods was acuired by Southeastern Mills is a third generation family‐owned business. This acquisition adds to its rapidly growing Retail portfolio, allowing it to offer customers three strong product lines; Southeastern Mills, Shore Lunch and now Superior Quality Foods. It also opens sales opportunities at existing and new Processors and gives it more products to sell to National Accounts and Foodservice Distributors. MRCworldwide initiated this transaction,assisted in the negotiations, and served as exclusive financial advisor to Superior Quality Foods, Inc

 

Flavor Specialties, Inc.

Founded in 1976, Flavor Specialties, Inc. is a flavor and botanical extracts company that develops, produces, and markets flavors and botanical extracts mainly for the food and beverage industry. FSI has its production facility in California, but serves a broad customer base.  FSI was acquired by Frutarom, an Israeli public firm, a rapidly growing global flavor and fine ingredients company. Frutarom creates, develops, manufacturers and markets an extensive variety of high quality flavors and fine ingredients for customers in the food, beverage, flavor, fragrance, pharmaceutical, nutraceutical, and cosmetics industry.   MRCworldwide initiated the transaction, acted as financial advisors, structured, and negotiated the transaction on behalf of the shareholders of Flavor Specialties, Inc.  

 

Buona Forchetta

Mrs. Beasleys, Inc. acquired Buona Forchetta Corporation.  The acquisition included retail and wholesale operations and the plant facilities.  The Company manufacturers high end baked products for wholesale and retail customers.  MRCWorldwide acted as financial advisors, structured, and negotiated the transaction on behalf of the shareholders of Buona Forchetta.

 

Star Milling Co. and Diamond Pacific Products Co.

Management acquired the stock of Star Milling Co. and Diamond Pacific Products Co.  The acquisition includes two manufacturing plants in located in California.  The Company is the largest poultry food manufacturer in the California and major manufacturer and distributor of various pet animal sack feed products.  MRCWorldwide acted as financial advisors, structured, and negotiated the transaction on behalf of Management.