M&A Deal Summary

Saco Foods Acquires Ancient Harvest

On August 21, 2024, Saco Foods acquired food company Ancient Harvest from Encore Consumer Capital

Acquisition Highlights
  • This is Saco Foods’ 3rd transaction in the Food sector.
  • This is Saco Foods’ 3rd transaction in the United States.
  • This is Saco Foods’ 1st transaction in Colorado.

M&A Deal Summary
Date 2024-08-21
Target Ancient Harvest
Sector Food
Buyer(s) Saco Foods
Sellers(s) Encore Consumer Capital
Deal Type Add-on Acquisition

Target

Ancient Harvest

Golden, Colorado, United States
Ancient Harvest is a provider of gluten-free grains, plant-based protein, and organic wheat free grains. Ancient Harvest portfolio spans a wide range of organic, non-GMO, plant-based foods including multiple varieties of quinoa, pasta, mac and cheese, and polenta – all made from gluten-free ‘power’ ingredients ranging from quinoa to beans and lentils. Ancient Harvest was formed in 1983 and is based in Golden, Colorado.

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Buyer(S) 1

Buyer

Saco Foods

Middleton, Wisconsin, United States
Category Company
Founded 1973
Sector Food
DESCRIPTION

Saco Foods is a packager and distributor of specialty consumer packaged goods food products. Saco’s primary products include Dolci Frutta, a chocolate hard-shell dessert dip for fruit, nuts, and other snacks, as well as powdered instant milk, powdered dry buttermilk, and baking cocoa sold under the Saco Pantry family of brands. Saco Foods was founded in 1973 and is based in Middleton, Wisconsin.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Solo Foods

Countryside, Illinois, United States

Solo Foods is engaged in specialty baking ingredient products that include cake & pastry fruit fillings, nut pastes, and marzipan. Solo Foods was founded in 1925 and is based in Countryside, Illinois.

Buy -

Seller(S) 1

SELLER

Encore Consumer Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 600M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Encore Consumer Capital is a specialist private equity firm focused on the food and consumer products industries. Specific areas of interest include food and beverage, health and beauty care, pet, automotive aftermarket, infant and children's products, and leisure products. Encore prefers companies in revenues of $10 - $100 million. It looks to invest $5 - $40 million. Encore generally invests in control situations but will consider select minority investments. Encore will not invest in restaurant-only or retail-only companies. Encore operates in partnership with Encore Associates, a strategic advisory firm. Encore Consumer Capital was formed in 2005 and is based in San Francisco.

DEAL STATS #
Overall 22 of 22
Sector (Food) 9 of 9
Type (Add-on Acquisition) 18 of 18
State (Colorado) 3 of 3
Country (United States) 21 of 21
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Murry s

Lebanon, Pennsylvania, United States

Murry's is a manufacturer of frozen French toast sticks and bites that are sold into the private label retail and food service channels. The company is a family-owned business trusted name in food manufacturing with French toast products distributed nationwide. Murry's was founded in 1948 and is based in Lebanon, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 DeIorio Foods

Utica, New York, United States

DeIorio Foods is a manufacturer of specialty frozen dough for the pizza industry. DeIorio Foods was founded in 1924 and is based in Utica, New York.

Buy -
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