Add-on Acquisition • Food

Bell-Carter Foods Acquires J.L DeGraffenreid & Sons

On January 15, 2002, Bell-Carter Foods acquired food company J.L DeGraffenreid & Sons from Arbor Investments

Acquisition Context
  • This is Bell-Carter Foods’ 1st transaction in the Food sector.
  • This is Bell-Carter Foods’ 1st transaction in the United States.
  • This is Bell-Carter Foods’ 1st transaction in Missouri.
Investment Fate
  • J.L DeGraffenreid & Sons was divested to a consortium of strategic buyers in 2007.

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M&A Deal Summary

Date January 15, 2002
Target J.L DeGraffenreid & Sons
Sector Food
Buyer(s) Bell-Carter Foods
Sellers(s) Arbor Investments
Deal Type Add-on Acquisition

Target Company

J.L DeGraffenreid & Sons

Springfield, Missouri, United States
J.L DeGraffenreid & Sons LLC offers refrigerated and processed pickles, as well as salad bar items.
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Buyer Overview 1

Buyer

Bell-Carter Foods

Walnut Creek, California, United States

Category Company
Founded 1912
Sector Food
DESCRIPTION

Bell-Carter Foods offers private label products, which include black ripe, whole or pitted kalamatas, and Spanish olives, as well as cocktail onions or capers. Bell-Carter Foods was founded in 1912 and is based in Walnut Creek, California.


Deal Context for Buyer #
Overall 1 of 1
Sector: Food 1 of 1
Type: Add-on Acquisition 1 of 1
State: Missouri 1 of 1
Country: United States 1 of 1
Year: 2002 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-07 J.L DeGraffenreid & Sons

Springfield, Missouri, United States

J.L DeGraffenreid & Sons LLC offers refrigerated and processed pickles, as well as salad bar items.

Sell -

Seller Profile 1

SELLER

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.


Deal Context for Seller #
Overall 3 of 32
Sector: Food 1 of 17
Type: Add-on Acquisition 1 of 18
State: Missouri 1 of 1
Country: United States 3 of 31
Year: 2002 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-17 Northern Neck Coca-Cola Bottling

Montross, Virginia, United States

Northern Neck Coca-Cola Bottling is an Exclusive Coca-Cola bottling system franchisee for northern Virginia that distributes and markets the full line of Coca-Cola products, including soft drinks, sports drinks, teas, juices, and water.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-16 Nordon

Langhorne, Pennsylvania, United States

Nordon is a distributor of foodservice equipment in the mid-Atlantic U.S. Nordon is one of the largest distributors in the country for top equipment brands such as Hoshizaki, Beverage-Air, Imperial and Amana. Nordon was founded in 1985 and is based in Langhorne, Pennsylvania.

Buy -