BGL Advises Batory Foods in its Acquisition of Mac & Massey, LLC
January 11 2012
Brown Gibbons Lang & Company (BGL) today announced its client Batory Foods Inc., the leading national distributor of food and fine ingredients, has acquired ingredient broker / distributor Mac & Massey, LLC. BGL acted as the exclusive financial advisor to Batory Foods.
Based in Atlanta, Georgia, Mac & Massey is a $90 million holding company for Massey Fair, Mac Source, and Mulligan Sales. Massey Fair has long been the leading ingredients supplier in the Southeast, while Mulligan Sales has a significant presence on the West Coast. Mac & Massey was a portfolio company of High Street Capital.
This acquisition marks the largest in Batory Foods’ 33-year history. With the completion of the transaction, Batory Foods now offers food and beverage manufacturers the largest portfolio of high quality food and fine ingredients in the United States, and emerges as a compelling option for manufacturers that have multiple plant locations around the country.
“By merging Mac & Massey with Batory Foods, we have significantly expanded the sales and distribution coverage we can provide our suppliers,” said Ron Friedman, Vice President, Batory Foods Inc. “With added distribution centers around the United States, Batory becomes the only national ingredient distribution company that focuses entirely on food and fine ingredients."
About Batory Foods
Founded in 1979, Batory Foods is a leading national food ingredients distributor, offering manufacturers the largest portfolio of high-quality food ingredients. With sales professionals covering every major market in every state across the U.S., the family owned and operated business “thinks national” and “acts local,” serving national, regional and local manufacturers with an abiding commitment to excellent customer service. Batory Foods’ network of distribution facilities services more than 6,000 customers, spanning the full food industry spectrum. For more information, visit www.batoryfoods.com.
About Mac & Massey
Established in 1929, Massey Fair is the largest food ingredient broker in the United States, offering a broad line of food ingredients, including sweeteners, starch, oils, cocoa, fruit concentrates, and nut meats. Mac Source is the premier ingredient distributor in the Southeast, representing many of the same principals that support Batory Foods. In 2007, Mac & Massey, LLC was formed as the holding company for Massey Fair and Mac Source. In 2010, after acquiring California-based Mulligan Sales, Mac & Massey, LLC became a leading ingredient distributor providing services from coast to coast. For more information, visit www.masseyfair.com.
About High Street Capital
High Street Capital is a leading lower middle market private equity firm providing flexible capital and operating expertise to middle market businesses. High Street Capital acquires, recapitalizes, and provides growth capital to companies operating in the business services, distribution, and manufacturing industries with revenues of $10 million to $100 million. For more information, visit www.highstreetcapital.com.
Related service: Acquisitions