M&A Deal Summary

National Beef Packing Company Acquires Prime Tanning

On March 9, 2009, National Beef Packing Company acquired apparel/textiles company Prime Tanning from Meriturn Partners

Acquisition Highlights
  • This is National Beef Packing Company’s 1st transaction in the Apparel/Textiles sector.
  • This is National Beef Packing Company’s 1st transaction in the United States.
  • This is National Beef Packing Company’s 1st transaction in Maine.

M&A Deal Summary
Date 2009-03-09
Target Prime Tanning
Sector Apparel/Textiles
Buyer(s) National Beef Packing Company
Sellers(s) Meriturn Partners
Deal Type Add-on Acquisition

Target

Prime Tanning

Hartland, Maine, United States
Established in 1920,Prime is a supplier of leather to the finest footwear, apparel, accessory and upholstery companies in the world - companies who demand the best in quality, service and innovation.

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Buyer(S) 1

Buyer

National Beef Packing Company

Kansas City, Missouri, United States
Category Company
Founded 1992
Sector Food
Employees8,200
Revenue 7.3B USD (2017)
DESCRIPTION

National Beef Packing Company LLC is a beef processor. National Beef Packing processes and markets fresh beef, beef- and pork-based ready-to-eat meals, beef by-products and leather in the domestic and international markets. National Beef Packing Company LLC was established in 1992 and is based in Kansas City, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1

Seller(S) 1

SELLER

Meriturn Partners

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Meriturn Partners LLC is a private investment firm that makes control investments in middle-market companies needing restructuring or facing operational challenges. Meriturn primarily looks for companies based in the US and Canada operating in basic industries such as manufacturing, distribution, and service with revenues between $40 and $300 million. The Firm looks to commit up to $10 million per transaction. Meriturn's investment horizon is four to seven years. Meriturn Partners was formed in 2001 and based in Raleigh, North Carolina with an additional office in San Francisco, California.

DEAL STATS #
Overall 3 of 5
Sector (Apparel/Textiles) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Maine) 2 of 2
Country (United States) 3 of 5
Year (2009) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-09 Cudahy Taning

Cudahy, Wisconsin, United States

Cudahy Tanning Company, Inc. processes and manufactures leathers for men, women, and children footwear markets. The company offers leathers for moccasins, shoe and boot uppers, belting, small leather goods, saddle bags, handbags, and luggage. Its products are also used in pet products, backpacks, tool pouches, cycle seats, personal leather goods, and other accessories.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-30 Barnacle Seafood

Fort Lauderdale, Florida, United States

Barnacle Seafood is a private company categorized under Wholesale Seafood and located in Miami, FL. Current estimates show this company has an annual revenue of unknown and employs a staff of approximately 50 to 99.

Sell -
Mergr

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