M&A Deal Summary

Mount Franklin Foods Acquires Hospitality Mints

On August 30, 2018, Mount Franklin Foods acquired food company Hospitality Mints from Linsalata Capital Partners

Acquisition Highlights
  • This is Mount Franklin Foods’ 1st transaction in the Food sector.
  • This is Mount Franklin Foods’ 1st transaction in the United States.
  • This is Mount Franklin Foods’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2018-08-30
Target Hospitality Mints
Sector Food
Buyer(s) Mount Franklin Foods
Sellers(s) Linsalata Capital Partners
Deal Type Add-on Acquisition

Target

Hospitality Mints

Boone, North Carolina, United States
Hospitality Mints is a manufacturer of customized, individually-wrapped promotional mints and candies. The core product offering is the iconic, wrapped after-dinner mint that restaurants offer their customers. The company serves more than 10,000 customers across foodservice, retail, and ad specialty channels, reaching restaurants, hotels, resorts, businesses, events, and grocery and party store outlets.

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Buyer(S) 1

Buyer

Mount Franklin Foods

El Paso, Texas, United States
Category Company
Founded 1907
Sector Food
Employees2,800
DESCRIPTION

Mount Franklin Foods LLC is a North American manufacturer of high-quality confections, nut products and nutritional gummies headquartered in El Paso, Texas. The company proudly serves major retailers, wholesalers, co-manufacturing customers and foodservice distributors through its Sunrise Confections and Azar Nut divisions. Mount Franklin Nutritionals produces natural, organic and functional products.

DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Element Food Solutions

Hodgkins, Illinois, United States

Element Food Solutions LLC is a provider in the co-manufacturing industry, specializing in product development and packaging solutions for the bake mix, powdered beverage, ingredient and cereal/trail mix/nut categories. Element Food Solutions is based in Hodgkins, Illinois.

Buy -

Seller(S) 1

SELLER

Linsalata Capital Partners

Mayfield Heights, Ohio, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linsalata Capital Partners is a middle-market buyout firm that targets equity investments in businesses operating in a broad range of industries. Linsalata looks to invest $15 to $50 million in businesses generating at least $5 million in EBITDA. The Firm will consider transactions valued up to $300 million. Target sectors include automotive aftermarket products, building products, business services, aerospace, commercial durables, consumer packaged goods, contract manufacturing services, direct marketing, education, ethnic products, food and beverage, food service equipment, health and safety products, healthcare services and outsourcing, hobby/crafts, home furnishing, home improvement products, industrial products, infastructure products, leisure/recreation, logistics, medical devices and diagnostics, niche apparel, outdoor/garden living, packaging, personal services, pet products and services, and plastics. Linsalata Capital was formed in 1984 and is based in Mayfield Heights, Ohio.

DEAL STATS #
Overall 35 of 41
Sector (Food) 3 of 3
Type (Add-on Acquisition) 20 of 21
State (North Carolina) 2 of 2
Country (United States) 35 of 41
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Whitcraft

Eastford, Connecticut, United States

Whitcraft is a manufacturer of high quality, precision formed, machined and fabricated metal parts for the U.S. aerospace industry. The Company manufactures new and replacement jet engine and helicopter parts for large engine manufacturers serving both the commercial and military aircraft market. Whitcraft was founded in 1960 and is based in Eastford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 WF Cabinetry

Alexander City, Alabama, United States

WF Cabinetry is a designer and manufacturer of semi-custom cabinets serving the single-family residential market exclusively through the dealer channel. Wellborn provides kitchen and bathroom cabinetry to the new construction and remodeling markets directly through independent sales agencies to a large network of kitchen and bath dealers. WF Cabinetry is based in Alexander City, Alabama.

Sell -
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