M&A Deal Summary

State Street Refrig. Acquires Standex Direct

On March 28, 2006, State Street Refrig. acquired food company Standex Direct from Standex

Acquisition Highlights
  • This is State Street Refrig.’s 1st transaction in the Food sector.
  • This is State Street Refrig.’s 1st transaction in the United States.

M&A Deal Summary

Date 2006-03-28
Target Standex Direct
Sector Food
Buyer(s) State Street Refrig.
Sellers(s) Standex
Deal Type Divestiture

Target

Standex Direct

United States
Standex Direct distributes high-quality food products through four direct mail order units including Bland Farms, Frank Lewis' Alamo Fruit, Harry's Orchards and Red Cooper.

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Buyer(S) 1

Buyer

State Street Refrig.

Mission, Texas, United States

Category Company
Sector Food
DESCRIPTION

State Street Refrig., Inc. is a fruit packaging operator in the United States, specializing in grapefruit, oranges, cantaloupe, honeydew melons and onions.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Standex

Salem, New Hampshire, United States

Category Company
Founded 1955
Sector Manufacturing
Employees3,700
Revenue 721M USD (2024)
DESCRIPTION

Standex is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Air Distribution Products Group, Engineering Technologies Group, Engraving Group and the Electronics and Hydraulics Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, India, Turkey and China. Standex was founded in 1955 and is based in Salem, New Hampshire.


DEAL STATS #
Overall 1 of 8
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 7
Country: United States M&A 1 of 7
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-17 Nor-Lake

Hudson, Wisconsin, United States

Nor-Lake, Inc. is a suppliers of walk-in coolers and freezers, cabinets and refrigeration systems to the food service and scientific industries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-10 Associated American Industries

Allen, Texas, United States

Associated American Industries, Inc. is a source of quality equipment solutions to the food service and retail industries worldwide. The company supplies a wide selection of equipment for cooking, toasting, heating & holding, warming and merchandising food items.

Buy $84M