DATE: November 30, 2023
Who is Our Client?
- KENT Precision Foods Group, a subsidiary of KENT® Corporation, is a family-owned, award-winning manufacturer and worldwide marketer of food, beverage and agriculture products based in Muscatine, Iowa.
- KENT Precision Foods Group is a dry and liquid-blending packaging food company specializing in rigid and flexible packaging while providing high-quality branded and custom products for customers in the food service (domestic and international) industrial and consumer products businesses.
- The consumer brands of KENT Precision Foods Group include Foothill Farms®, Frostline®, Mrs. Wages®, Orrington Farms®, Southern Gourmet®, Thick- It®, Sqwincher®, PKLfreeze®, Milani® and other licensed products.
- With origins in the livestock feed business, today KENT® Corporation is a diversified, family-owned company with operating subsidiaries involved in corn wet milling, the production of animal feeds, and the manufacture of food, beverage, and pet products.
Why Did KENT® Corporation Hire Nolan?
- KENT had a working relationship with Nolan dating back to 2016 when KENT acquired Deluxe Feeds, which was a Nolan sell side client at that time.
- In selecting a buy side advisor in 2022, the KENT team was looking for a firm with aligned values that would represent the KENT brand well in the M&A marketplace.
- Since early 2022, Nolan has been working with the KENT team to assist with acquisitions in the branded food and pet verticals.
What Value Did Nolan Deliver?
- Nolan’s buy side search delivered Frosty Boy Global, a maker of desserts, beverages, and savory ingredients as well as powder-based wellness products.
- Based in Yatala, Gold Coast, Australia, Frosty Boy manufactures product in India and Australia and has sales offices in Indonesia, Malaysia, India, Philippines, Australia, Turkey, Brazil, Dubai, and Thailand.
