M&A Deal Summary

Carolina By-Products Acquires CBP Resources

On August 13, 1998, Carolina By-Products acquired agriculture company CBP Resources from FdG Associates

Acquisition Highlights
  • This is Carolina By-Products’ 1st transaction in the Agriculture sector.
  • This is Carolina By-Products’ 1st transaction in the United States.
  • This is Carolina By-Products’ 1st transaction in North Carolina.

M&A Deal Summary
Date 1998-08-13
Target CBP Resources
Sector Agriculture
Buyer(s) Carolina By-Products
Sellers(s) FdG Associates
Deal Type Add-on Acquisition

Target

CBP Resources

Greensboro, North Carolina, United States
CBP Resources is a supplier of high-quality animal feed ingredients to manufacturers of pet food and livestock feed.

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Buyer(S) 1

Buyer

Carolina By-Products

Winchester, Virginia, United States
Category Company
Founded 1949
Sector Consumer Products
Employees1,900
DESCRIPTION

Carolina By-Products is a provider of an invaluable service to global economies and the environment. Carolina By-Products was founded in 1949 and is based in Winchester, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1

Seller(S) 1

SELLER

FdG Associates

New York, New York, United States

Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

FdG Associates is a private equity firm that looks to invest in middle market companies valued between $40 and $150 million. FdG prefers investment candidates located in the US or Canada exhibiting significant growth potential. Sectors of interest include business and financial services, consumer products, consumer services, value-added distribution, light manufacturing, and retail. FdG's target equity investment size is $15 to $50 million. Prospective transaction types include recapitalizations, management buyouts, growth financings, and industry consolidations. FdG Associates was formed in 1995 and is based in New York City with an additional office in Los Angeles.

DEAL STATS #
Overall 1 of 13
Sector (Agriculture) 1 of 2
Type (Add-on Acquisition) 1 of 5
State (North Carolina) 1 of 2
Country (United States) 1 of 13
Year (1998) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-05-01 Vitamin Shoppe

Secaucus, New Jersey, United States

Vitamin Shoppe, Inc. is a specialty retailer and direct marketer of vitamins, minerals and nutritional supplements, offering a broad line of products at discounts to list prices. Vitamin Shoppe, Inc. was founded in 1977 and is based in Secaucus, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-01 Golf Galaxy

Coraopolis, Pennsylvania, United States

Golf Galaxy, Inc. owns and operates golf stores. It offers golf equipment, including golf clubs, balls, bags/carts/travel, grips/shafts/clubheads, clubmaking tools and supplies, and GPS/range finders. The company also provides golf wear products, such as golf apparels, shoes, gloves, hats, eyewear, and jewelry/watches; golf accessories, including head covers, golf tees, and divot tools; and golf gifts

Buy -
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