Algood Food Company has been recapitalized by Andros
ABOUT THE DEAL:
Algood Food Company (also referred to as the “Company” and “AFC”) has been recapitalized by Andros (the “Buyer”).
Established in 1985 and headquartered in Louisville, Kentucky, Algood Food Company is recognized throughout the United States as one of the premier packers of private label peanut butter, jellies, and preserves.
Andros is a family owned and privately run company, headquartered in the southwest countryside of France, known as a global leader in fruit processing, frozen desserts, dairy, and confectionery. Andros currently owns and operates more than 30 factories worldwide including a US fruit processing factory in Mt. Jackson, Virginia. Andros’ Mt. Jackson, VA manufacturing facility, Bowman Andros Products, produces branded, private label, and co-packing of high quality, unique, fruit-based foods. Old Virginia® and Buddy Fruits® are made domestically in Virginia. Andros’ imported brands are Bonne Maman®, Andros® Chef, Solo Italia® frozen dessert, and Pierrot Gourmand candy.
Allston Advisory Group served as the exclusive financial advisor to Algood Food Company, and conducted a confidential, competitive sales process on behalf of the Company.
ABOUT ALLSTON ADVISORY GROUP, LLC:
Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.
For additional information on this deal, please contact one of our advisors.
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