M&A Deal Summary

Keystone Natural Acquires Nature Soy

On October 21, 2017, Keystone Natural acquired food company Nature Soy from Keystone Capital

Acquisition Highlights
  • This is Keystone Natural’s 1st transaction in the Food sector.
  • This is Keystone Natural’s 1st transaction in the United States.
  • This is Keystone Natural’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-10-21
Target Nature Soy
Sector Food
Buyer(s) Keystone Natural
Sellers(s) Keystone Capital
Deal Type Add-on Acquisition

Target

Nature Soy

Philadelphia, Pennsylvania, United States
Nature Soy is a major supplier of soy and vegetarian food products to the US market, has been producing high quality soy products since 1990. Located in Philadelphia, the Company primarily serves the mid-Atlantic region with distribution channels reaching as far west as Chicago. Nature Soy's products include both traditional and specialty tofu, soy milk, rice noodles and soy puffs, all of which can be found in major Asian grocery stores, supermarkets and natural food stores, as well as restaurants in the Northeast. The Company strives to produce the best-tasting and freshest products, using non-GMO soy beans and its proprietary formulas to create a unique and desirable flavor profile.

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Buyer(S) 1

Buyer

Keystone Natural

Folcroft, Pennsylvania, United States

Category Company
Founded 2017
Sector Food
DESCRIPTION

Keystone Natural is a manufacturer of healthy, plant-based protein products including tofu, meatless veggie burgers, and other soy-based and vegetarian items. The Company sells into the retail and foodservice channels under the Nature Soy, VeggieLand, Franklin Farms, and Superior Tofu brands.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $5 to $20 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 12 of 26
Sector: Food M&A 2 of 4
Type: Add-on Acquisition M&A Deals 7 of 15
State: Pennsylvania M&A 2 of 3
Country: United States M&A 12 of 26
Year: 2017 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-21 Keystone Natural

Folcroft, Pennsylvania, United States

Keystone Natural is a manufacturer of healthy, plant-based protein products including tofu, meatless veggie burgers, and other soy-based and vegetarian items. The Company sells into the retail and foodservice channels under the Nature Soy, VeggieLand, Franklin Farms, and Superior Tofu brands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Rocore

Indianapolis, Indiana, United States

Rocore is a designer and manufacturer of heat exchangers and related equipment used to cool air, water, or oil for a variety of applications. Rocore maintains five operating facilities in the USA & one outside the USA, plus multiple sales offices. Rocore supplies a wide variety of heat exchange solutions, products and services into its identified end market segments. Rocore was founded in 1984 and is based in Indianapolis, Indiana.

Sell -