M&A Deal Summary

American Foods Group Acquires Gibbon Packing

On December 31, 2000, American Foods Group acquired packaging company Gibbon Packing from Sterling Partners Private Equity

Acquisition Highlights
  • This is American Foods Group’s 1st transaction in the Packaging sector.
  • This is American Foods Group’s 1st transaction in the United States.
  • This is American Foods Group’s 1st transaction in Iowa.

M&A Deal Summary
Date 2000-12-31
Target Gibbon Packing
Sector Packaging
Buyer(s) American Foods Group
Sellers(s) Sterling Partners Private Equity
Deal Type Add-on Acquisition

Target

Gibbon Packing

Gibbon, Iowa, United States
Gibbon Packing Co. LLC was a meatpacking and processing business with facilities in Iowa and Nebraska.

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Buyer(S) 1

Buyer

American Foods Group

Green Bay, Wisconsin, United States
Category Company
Sector Food
Revenue 581M USD (2000)
DESCRIPTION

American Foods is the nation’s tenth largest beef packer with a daily processing capacity of 1,900 head. With sales of $581 million, the privately-held company produces boxed beef, ground beef and value-added beef products, including case-ready, tray-ready and top-choice beef cuts marketed under premium programs.

DEAL STATS #
Overall 1 of 1
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1

Seller(S) 1

SELLER

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 51
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 34
State (Iowa) 1 of 1
Country (United States) 2 of 49
Year (2000) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-14 Cognitive Concepts

Evanston, Illinois, United States

Cognitive Concepts, Inc. provides comprehensive literacy learning solutions. The company integrates technology with scientific principles and research-proven instructional methods to offer educators, specialists and families products that build foundational reading skills

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 The Chauncey Group International

Princeton, New Jersey, United States

The Chauncey Group International Ltd. is a provider of certification and licensing examinations for professionals, businesses, and government.

Buy -
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