Ameri-Pac Inc. | SALE

 In
Engagement
Sale

Frontier’s client sold to Wilbur-Ellis, one of the largest family-owned companies in the world and a leading international marketer and distributor of agricultural products, animal nutrition and specialty chemicals


Client

Ameri-Pac, Inc. is a manufacturer of pet and animal health/nutrition products for the specialty pet food market and niche segments of the volume pet food market in North America. The Company also produces specialty products for the companion animal, farm animal, and aquaculture industries. From its central location in St. Joseph, Missouri, Ameri-Pac produces both naturally-sourced and synthetic antioxidants, additives, and ingredients that are proprietary to the Company and that protect flavor and freshness. The Company also manufactures dry premixes and blends liquid supplements on a contract basis in its state-of-the-art, food-grade facility with comprehensive food-safety certifications.

Situation

The ownership family deemed it an appropriate time to begin the transition into full-retirement and therefore sought a sale of the business

Results

Frontier conducted a professionally orchestrated investment banking process exploiting the growing “humanization of pets” trend and the recession-resistant and growth aspects of the pet and animal-health industries. Positioning Ameri-Pac’s business and demonstrating that Ameri-Pac is positioned to capitalize on the potential for explosive growth in both the pet and animal-health industries, the process produced nearly 100 offers, nine of which were compelling offers at solid double-digit multiples. Through extensive due diligence on the potential buyers, the Company’s owners were able to select the best steward of the family’s legacy for Ameri-Pac’s “family business,” in addition to selling the Company at a premium valuation.

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