M&A Deal Summary

Sugar Foods Acquires Concord Foods

On March 7, 2024, Sugar Foods acquired food company Concord Foods from Arbor Investments

Acquisition Highlights
  • This is Sugar Foods’ 1st transaction in the Food sector.
  • This is Sugar Foods’ 1st transaction in the United States.
  • This is Sugar Foods’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-03-07
Target Concord Foods
Sector Food
Buyer(s) Sugar Foods
Sellers(s) Arbor Investments
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
Kirkland & Ellis (Legal)

Target

Concord Foods

Brockton, Massachusetts, United States
Concord Foods is a manufacturer and supplier of food products and custom ingredients to the consumer, food service and industrial markets. Concord Foods was founded in 1968 and is based in Brockton, Massachusetts.

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Buyer(S) 1

Buyer

Sugar Foods

Villa Rica, Georgia, United States
Category Company
Founded 1948
Sector Food
DESCRIPTION

Sugar Foods is a food company serving prominent foodservice, grocery, retail and restaurant brands. Sugar Foods was founded in 1948 and is based in Villa Rica, Georgia.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.

DEAL STATS #
Overall 32 of 32
Sector (Food) 17 of 17
Type (Add-on Acquisition) 18 of 18
State (Massachusetts) 1 of 1
Country (United States) 31 of 31
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Golden Malted

Glen Mills, Pennsylvania, United States

Golden Malted is a provider of waffle and pancake mix to restaurants, hotels, colleges, and other food service establishments. Golden Malted was founded in 1937 and is based in Glen Mills, Pennsylvania.

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