Dear Friends and Clients:
FocalPoint Partners, LLC is pleased to announce the closing of another transaction in the food industry: Wild Bill’s Foods, a subsidiary of Hatfield Packing Company, a $650 million meat packer based in Lancaster, PA, was sold to Monogram Food Solutions.
Wild Bill’s Foods, based in Martinsville, VA, is a high quality producer of meat snacks. Hatfield Packing Company decided to exit this non-core asset in order to focus on its core packing business. Barry Spector, an operating partner of Los Angeles based FocalPoint Partners, LLC served as financial advisor to Wild Bill’s Foods.
This is the third transaction Mr. Spector has completed in the food industry in the past two months. It is representative of a continued consolidation in the food industry and in the meat snack category in particular as companies struggle to maintain shelf space.
FocalPoint Partners, LLC is an independent investment banking firm, specializing in mergers and acquisitions, private placements (both debt and equity), financial restructurings and distressed transactions.
The firm’s primary focus is on middle-market companies headquartered in the United States, operating with revenues between $20 million and $250 million in a diverse range of industries. FocalPoint is managed by seasoned veterans with backgrounds in law, public accounting, senior lending, private equity and investment banking at leading national and international firms such as Merrill Lynch, Houlihan Lokey Howard & Zukin, Robertson Stephens, Montgomery Securities, Fleet Capital and Deloitte & Touche. You can learn more about FocalPoint on our website www.focalpointllc.com