M&A Deal Summary

J&J Snack Foods Acquires Labriola Baking

On August 17, 2017, J&J Snack Foods acquired food company Labriola Baking from First Capital Partners and Plaza Belmont Management Group

Acquisition Highlights
  • This is J&J Snack Foods’ 7th transaction in the Food sector.
  • This is J&J Snack Foods’ 8th transaction in the United States.
  • This is J&J Snack Foods’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2017-08-17
Target Labriola Baking
Sector Food
Buyer(s) J&J Snack Foods
Sellers(s) First Capital Partners
Plaza Belmont Management Group
Deal Type Add-on Acquisition

Target

Labriola Baking

Alsip, Illinois, United States
Labriola Baking Co. is a manufacturer of fresh and frozen artisan breads. Labriola Baking Co. was established in 1993 and is based in Alsip, Illinois.

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Buyer(S) 1

Buyer

J&J Snack Foods

Mount Laurel, New Jersey, United States
Category Company
Founded 1971
Sector Food
Employees5,000
Revenue 1.6B USD (2023)
DESCRIPTION

J&J Snack Foods is a provider of nutritional and affordable branded niche snack foods and beverages to food service and retail supermarket outlets. J&J Snack Foods was founded in 1971 and is based in Mount Laurel, New Jersey.

DEAL STATS #
Overall 8 of 10
Sector (Food) 7 of 9
Type (Add-on Acquisition) 7 of 9
State (Illinois) 3 of 3
Country (United States) 8 of 10
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Hill & Valley

Rock Island, Illinois, United States

Hill & Valley, Inc. is a baker of sugar free and no-sugar added pies, cookies, and cakes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Dippin Dots

Paducah, Kentucky, United States

Dippin' Dots is a producer of flash-frozen beaded ice cream treats and has produced and distributed its flash frozen tiny beads of ice cream, yogurt, sherbet, and flavored ice products that are made at the company's production facility in Paducah, Kentucky. Dippin' Dots was created in 1988 and is headquartered in Paducah, Kentucky.

Buy $222M

Seller(S) 2

SELLER

First Capital Partners

Omaha, Nebraska, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 241M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First Capital Partners is an Omaha, Nebraska-based private investment firm that provides equity and subordinated debt financing to lower middle-market companies. First targets businesses with revenues of $10 to $100 million and EBITDA up to $10 million. Investments are generally used to fund management buyouts, growth capital financings, recapitalizations, divestitures, and generational transfers of ownership. Broad areas of interest include manufacturing, business services, and value-added distribution. First Capital will not invest in startups, early stage companies, high technology, real estate, or retail. First Capital Partners is based in US.

DEAL STATS #
Overall 6 of 15
Sector (Food) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (Illinois) 1 of 2
Country (United States) 6 of 15
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Advantage Engineers

Columbia, Maryland, United States

Advantage Engineers LLC specialized in telecommunications, environmental and geotechnical engineering and consulting services for various end markets. Services offered include, but are not limited to, telecom site acquisition and engineering, laboratory and material testing, design and construction phase investigations and site assessments. Advantage Engineers was founded in 2001 and is based in Mechanicsburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-25 Century Tool & Gage

Fenton, Michigan, United States

Century Tool & Gage Co. is a manufacturer of large compression molds and secondary tooling fixtures. Century Tool & Gage Co. was founded in 1974 and is based in Fenton, Michigan.

Sell -
SELLER

Plaza Belmont Management Group

Category Private Equity Firm
Founded 1998
PE ASSETS 54M USD
Size Small
Type Sector Focused
DESCRIPTION

Plaza Belmont Management Group is a private equity investor focused on the food industry. The Firm targets companies that manufacture unique or value added food ingredients or products distributed through the retail grocery or food service channels or companies that co-manufacture products for major food companies. Plaza Belmont Management Group was formed in 1998 and is based in Shawnee Mission, Kansas.

DEAL STATS #
Overall 8 of 8
Sector (Food) 7 of 7
Type (Add-on Acquisition) 6 of 6
State (Illinois) 1 of 1
Country (United States) 8 of 8
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-05 Packaging Products

Mission, Kansas, United States

Packaging Products Corp. LLC is a manufacturer of flexible films, bags and pouches primarily used for food packaging. Founded in 1968, PPC strives to provide the highest quality products with best-in-class lead times.

Sell -
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