Add-on Acquisition • Food

Border Foods Acquires Joy Canning Co.

On August 1, 1998, Border Foods acquired food company Joy Canning Co.

Acquisition Context

This is Border Foods’ 1st transaction in the Food sector.
This is Border Foods’ 1st transaction in the United States.
This is Border Foods’ 1st transaction in New Mexico.

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M&A Deal Summary
Date	August 1, 1998
Target	Joy Canning Co.
Sector	Food
Buyer(s)	Border Foods
Deal Type	Add-on Acquisition

Target Company

Joy Canning Co.

Las Cruces, New Mexico, United States

Joy Canning, which allowed further penetration in the foodservice market and increase d production capacity.

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Buyer Overview 1

Buyer

Border Foods

Mount Prospect, Illinois, United States

Category	Company
Founded	1972
Sector	Food

DESCRIPTION

Border Foods, Inc. is a provider of ingredients and packaged food products to the Mexican food industry.

Deal Context for Buyer	#
Overall	1 of 2
Sector: Food	1 of 2
Type: Add-on Acquisition	1 of 2
State: New Mexico	1 of 1
Country: United States	1 of 1
Year: 1998	1 of 1

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
1999-02-01	El Molino Foods Calgary, Alberta, Canada El Molino, a division of the Milnot Company production Mexican salsas, dips, and dry seasoning for the private label and co-pack branded end markets.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

1999-02-01

El Molino Foods

Calgary, Alberta, Canada

El Molino, a division of the Milnot Company production Mexican salsas, dips, and dry seasoning for the private label and co-pack branded end markets.

Buy

Explore Related M&A Activity

Food M&A - Add-on Acquisition M&A Deals - New Mexico M&A - United States M&A - 1998 M&A