Nolan Advised KENT Precision Foods Group on its Acquisition of Frosty Boy

DATE: November 30, 2023

Tags: , ,

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.

Recently Closed Transactions

Engage An M&A Advisor

Contact Us

Sign Up To Receive Nolan News

FINRA Licensed Broker Dealer Affiliated

Nolan & Associates’ commonly owned affiliate, Middle Market Transactions, Inc. (MMTI), is but one of a very few FINRA licensed broker dealers serving business owners in the middle market.

Securities offered through Middle Market Transactions, Inc. Member: FINRA/SIPC