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Details - Information last confirmed on April 6, 2021

The company has two lines of food manufacturing businesses. One is a specialty dry mix consumer packaged goods (CPG) manufacturing and private labeling business. The other is a food service business that creates and sells specialty diet and low-sugar food mixes.

Key Aspects
•The company offers a diverse product offering to major grocery chains with
nationwide distribution
•The company is expanding on existing successful product lines and developing
new product lines for recently acquired contracts with plans to launch 20+
new products to 10+ grocery chains with 5,000+ locations
•The company's private label business has experienced approximately 122%
CAGR from YE 2015 - YE 2019 and is expected to continue strong growth
•Agile operations allow the company to quickly develop products that reflect
changes in consumer tastes
•The highly proactive and skilled sales team has developed and maintained
valuable relationships with key customers
•There is a low level of competition in the product lines that the company
currently operates in
•Most products have alternative ingredient suppliers, reducing risk of supplychain

•The company's e-commerce capabilities can be further optimized to drive
future sales
•Economies of scale would allow for more competitive pricing to distributors as
well as margin expansion through automation and reduced labor costs
•Private labeling of brands for specialty dry blend mixes is experiencing rapid
growth with no signs of stagnation
•Strategic buyers could expand gross margins by commanding better
purchasing power of raw materials
•The company is well-positioned to capitalize on the growing popularity of the
stay-at-home baking trend that has spiked in popularity during the COVID-19
•Recent healthy eating trends suggest large shifts in consumer preferences
towards healthier, nutrient-rich foods that will greatly benefit the company's
financial performance
•Grocery chains have been shifting their strategies to provide more innovative
private label products in order to compete with name brands
•North Carolina
Current Markets
•The company's food service business sells to approximately 3,500 nursing
homes, hospitality centers, universities, and retirement centers. The dry mix
consumer packaged goods line of business sells to grocery chains varying in
size from 200 stores to over 2,000 stores.
Real Estate
•The company operates from a 34,000 sq. ft. facility on five acres of land leased
from an affiliated entity. There is little excess capacity in the current space, but
the land offers room for expansion of the facility. The owners are open to
including the operating facility in the sale of the company. The company also
leases a 10,000 sq. ft. warehouse for storage and outbound full-truck shipping.
Shareholder Objectives
•The company's owners are seeking a full sale of their company for retirement
purposes. They are willing to stay with the company for a transition period, as

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