Members of our Consumer Group reflect on M&A activity in the food and beverage sector based on three recent deals.

Food M&A: Fundamentally Resilient

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Harris-Williams Bio-Crop 0030 Tim Alexander Web (3)

Managing Director

Profile

Harris-Williams Bio-Crop 0028 WillBain 1

Harris-Williams Bio-Crop 0051 Brant Cash Web (3)

Harris-Williams Bio-Crop 0033 Ryan Freeman Web (3)

Harris-Williams Bio-Crop 0045 England zach-2

Harris-Williams Bio-Crop 0001 APoth 0445 Casual

Harris-Williams Bio-Crop 0008 KonstantinMolinari

Director

Harris-Williams Bio-Crop 0052 Andy Warczak Web (2)

A leading provider of on-trend, value-added specialty protein, bakery and sauce products 
 
 A portfolio company of Grey Mountain Partners 
 
 Has been acquired by Entrepreneurial Equity Partners

Kronos Foods

United States

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Mergers & Acquisitions

Lancaster Foods, a leading diversified produce wholesaler and subsidiary of Guest Services, has been acquired by The Coastal Companies, a portfolio company of Continental Grain&rsquo;s Arlon Group.

Lancaster Foods

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Harris Williams advised MPM Products (MPM), a portfolio company of ECI Partners, on its sale to 3i Group. MPM produces premium, natural pet food for discerning cat and dog owners under the Applaws, Encore and Reveal brands.

MPM Products

United Kingdom

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Harris Williams advised Inspired Pet Nutrition Limited (IPN), a portfolio company of L Catterton, on its sale to funds advised by CapVest Partners. IPN is the largest brand-led pet food manufacturer headquartered in the U.K.

Inspired Pet Nutrition

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Harris Williams advised Quirch Foods, a portfolio company of Palladium Equity Partners, on its acquisition of Colorado Boxed Beef Co., a portfolio company of Altamont Capital Partners. Quirch Foods is one of the largest distributors of fresh and frozen proteins and other food products in the Southeastern United States, Puerto Rico and Latin America. Colorado Boxed Beef Co. is a leading distributor of proteins in select markets across the United States.

Quirch Foods

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Harris Williams advised Universal Corporation (NYSE: UVV; Universal) on its acquisition of Silva International. Universal Corporation sources, processes and supplies agri-products and is the leading global leaf tobacco supplier. Silva has provided dehydrated vegetable, herb and select fruit ingredients to the food industry for more than 40 years.

Universal Corporation

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Harris Williams advised Indulge Desserts, a portfolio company of AUA Private Equity, on its sale to Emmi Group. Indulge Desserts is a manufacturer of premium gourmet desserts, offering a full line of American and international, all-natural products to foodservice and retail markets across the U.S. Emmi is a major Swiss milk processor with global operations that include bakery products.

Indulge Desserts

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Harris Williams advised Truco Enterprises, a portfolio company of Insignia Capital Group, on its sale to Utz Brands, Inc. (NYSE: UTZ; Utz). Truco is a leading maker of tortilla chips, salsa and queso sold under the On The Border&reg; (OTB) brand.

Truco Enterprises

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