DCF and DTCF Canada Advise on the Sale of a Leading Ready-Prepared-Meals Business
Transaction highlights cross-border transaction experience in Food & Beverage sector.
Deloitte Corporate Finance LLC (“DCF”) assisted Deloitte & Touche Corporate Finance Canada Inc. (“DTCF Canada”) in acting as exclusive financial advisor to Southbridge Group LP’s (“Southbridge”) sale of HMR Foods, Inc. (“HMR”) to Arlon Capital Partners. Terms of the transaction were not disclosed.
DCF assisted DTCF Canada throughout the transaction, ranging from the development of marketing materials and identification of potentially interested parties, to organizing the due diligence process and assisting with transaction negotiations.
HMR Foods, Inc.
HMR is a North American market leader in the refrigerated home meal replacement or ready-to-eat meals sector. The Company provides a broad product assortment including fresh entrées, soups, salads, side dishes, appetizers, sauces, desserts and ethnic products.
HMR markets its products in the U.S. and Canada under five distinct brands: Huxtable’s, Fresh Selections by Pasta Kitchen, Homestyle Selections by Pasta Kitchen, Red Envelope and Cucina D’Amore.
HMR is headquartered in Vernon, CA with an additional manufacturing facility in Toronto, Ontario.
Arlon Capital Partners
Arlon Capital Partners is a private equity firm specializing in buyouts and expansion capital. The firm seeks to invest in basic industries, consumer products, financial services, food and agribusiness, and media and communications sectors. In the food and agribusiness sector, the firm prefers to invest in middle-market companies across various stages of the food and agriculture supply chain, including production, processing, distribution, food service and retail.