M&A Deal Summary

Diaz Wholesale & Manufacturing Acquires Origin Food - Frutel Brand

On November 3, 2016, Diaz Wholesale & Manufacturing acquired food company Origin Food - Frutel Brand from Origin Food Group

Acquisition Highlights
  • This is Diaz Wholesale & Manufacturing’s 2nd transaction in the Food sector.
  • This is Diaz Wholesale & Manufacturing’s 2nd transaction in the United States.
  • This is Diaz Wholesale & Manufacturing’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2016-11-03
Target Origin Food - Frutel Brand
Sector Food
Buyer(s) Diaz Wholesale & Manufacturing
Sellers(s) Origin Food Group
Deal Type Divestiture

Target

Origin Food - Frutel Brand

Statesville, North Carolina, United States
Origin Food - Frutel Brand is a drinkable yogurt brand. Yogurt drink is a high-quality product with significant opportunity to expand beyond its North Carolina footprint.

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Buyer(S) 1

Buyer

Diaz Wholesale & Manufacturing

Atlanta, Georgia, United States

Category Company
Founded 1980
Sector Food
Employees400
DESCRIPTION

Diaz Foods is a privately-owned company and a distributor of specialty foods with distribution in 25 states and over 6,000 customers. Diaz Foods distributes a wide variety of dry, refrigerated and frozen products from around the world and stocks an extensive selection of products from Latin America, including goods from countries such as Mexico, Argentina, Colombia, Guatemala, Costa Rica, Nicaragua, Panama, Uruguay, Puerto Rico, Perú, Venezuela and Brazil as well as a wide variety of Cuban, Jamaican, Spanish, Indian, Thai and other Caribbean products. In addition to the distribution of high quality specialty food products, Diaz Foods manufactures, markets and distributes its own brand of products.


DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-15 La Cena Fine Foods

Saddle Brook, New Jersey, United States

La Cena Fine Foods Ltd. engages in the wholesale distribution of food products. La Cena has grown into a staple brand and decorated company. La Cena family of brands into its existing distribution points throughout 24 states.

Buy -

Seller(S) 1

SELLER

Origin Food Group

Statesville, North Carolina, United States

Category Company
Founded 2010
Sector Food
DESCRIPTION

Origin Food Group LLC is a producer of fruit-based drinkable dairy products. It offers its products in blue berry, banana, peach, strawberry, mango, guanabana, pomegranate, and other fruit flavors. Origin Food Group, LLC was incorporated in 2010 and is headquartered in Statesville, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1