Food & Beverage M&A » By The Online Investor Staff, updated Thu., Aug. 6, 2:28 PM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #67. Inventure Foods, Inc. — Willamette Valley Fruit Company's Berry Processing Business
Acquirer:
Inventure Foods, Inc. (SNAK)
Acquiree:
Willamette Valley Fruit Company's Berry Processing Business
Details:
Inventure Foods, Inc. (Nasdaq: SNAK) ("Inventure" or the "Company"), a leading specialty food marketer and manufacturer, announced the completion on May 28, 2013 of an acquisition of the berry processing business of Willamette Valley Fruit Company, LLC, a family owned business located in Salem, Oregon ("WVFC"). The purchased assets include the berry processing equipment assets (including a new Individually Quick Frozen (IQF) tunnel), long term building and ground leases (including additional improvements currently being installed), and other intellectual property and inventory rights.
Inventure Foods is a marketer and manufacturer of snack food brands. In Co.'s healthy/natural food category, products include Rader Farms® frozen berries, Boulder Canyon® Authentic Foods brand kettle cooked potato chips, Willamette Valley Fruit Company™ frozen fruit and vegetables, Fresh Frozen™ frozen fruit and vegetables, Jamba® branded blend-and-serve smoothie kits, Seattle's Best Coffee® Frozen Coffee Blends branded blend-and-serve frozen coffee beverage. In Co.'s indulgent specialty snack food category, products include T.G.I. Friday's® brand snacks. Co. also manufactures private label snack chip products for several grocery chains and natural stores and co-pack products.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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