M&A Deal Summary

Armstrong Group Acquires Ziegenfelder

On January 7, 2022, Armstrong Group acquired food company Ziegenfelder

Acquisition Highlights
  • This is Armstrong Group’s 1st transaction in the Food sector.
  • This is Armstrong Group’s 1st transaction in the United States.
  • This is Armstrong Group’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2022-01-07
Target Ziegenfelder
Sector Food
Buyer(s) Armstrong Group
Deal Type Add-on Acquisition

Target

Ziegenfelder

Wheeling, West Virginia, United States
Ziegenfelder is a private, family-owned frozen novelty manufacturer that focuses on producing the highest quality frozen ice treats. The company's signature item, Budget Saver Assorted Twin Pops, is commonly referred to as the Rainbow Array. It has produced steady and significant double-digit growth year over year for the past 15 years with three production facilities and 12 production lines. Ziegenfelder was formed in 1861 and is based in Wheeling, West Virginia.

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Buyer(S) 1

Buyer

Armstrong Group

Butler, Pennsylvania, United States
Category Company
Founded 1946
Sector Diversified
DESCRIPTION

Armstrong Group is a family-owned and -operated collection of diverse companies. The group began life as Armstrong County Line Construction, contracting work for power and telephone utilities in Western Pennsylvania. In the 1950s it began to own and operate independent local exchange telephone companies. Armstrong Group expanded into the cable television industry in 1963. The 1980s saw us move into the security, restaurant, and real estate development industries. Armstrong Group was formed in 1946 and is based in Butler, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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