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Aug 20, 2018 — This successful food ingredient and food product manufacturer is for sale for the first time in its long history. The company produces and sells certain dairy products under its own brand and for private label customers including chip dip, dressings, toppings, vitamin premixes, ice cream flavouring bases, sour cream and certain kosher products. Recipes for a number of other products are also available. The company holds certain valuable production licenses including the NSF Food Safety Certificate of Conformity and has regularly passed all Food Safety and Quality Systems Audits.
Customers include certain large retail chains, special stores and one distributor with annual sales revenue approaching $3 Million. Current headcount includes a President / GM who will be reducing his hours after transition, 4 other management staff and 8 production, QC and Accounting staff. This in an asset sale of all of the equipment used in the facility and the owner will rent the building to a buyer who wishes to continue to operate the business from its current location.
There original cost of all of the plant equipment and other items for sale exceeds $4.3Mllion and the useful life remaining is quite extensive in support of the listing price of $1.5Mllion.