TODAY'S NEWS
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 May 18, 2012 -McGladrey has published its fourth annual survey of private equity executives which shows that amid difficult economic conditions, firms have become increasingly focused on improving strategy and operations at their portfolio companies as a means of creating value. In fact, nearly two-thirds of firms reported that they have generally increased employment at their portfolio companies, contradicting recent, widespread sentiment that private equity firms are job killers...Read more. |
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Active in the Juvenile Products Space? Latest Report Reveals Trends |
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 May 18, 2012 - ROTH Capital Partners, an investment bank focused on identifying growth opportunities for corporate and institutional clients, has just published its second annual Trends and Truths in the New Mother Market, a survey and report examining current trends, demographics and spending patterns within the Infant, Juvenile and Toy industry...Read more. |
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Quarton Partners Promotes Two |
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 May 18, 2012 - Quarton Partners, a specialty investment banking firm, has promoted Greg McGowan to Director and Alex Schroeder to Vice President. "Greg and Alex have been invaluable members of our team since the founding of Quarton Partners and have contributed significantly to the firm's success. Their transaction expertise, hard work and dedication to superior client services are a testament to Quarton Partners' culture. We are proud to recognize their contributions and are confident they will continue their strong success in their new roles," said Quarton Partners' Managing Director André Augier...Read more. |
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YESTERDAY'S HEADLINES
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May 17, 2012 - The second annual study examining private equity investment by country, state, and congressional district shows that nearly 500 more companies benefited from private equity investment in 2011 compared to 2010...Read more. |
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CIT Backs Latest Lion Capital Acquisition |
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 May 17, 2012 - CIT Group has provided a senior secured asset-based credit facility to John Varvatos Enterprises, a designer, retailer, and wholesaler of men’s designer apparel and accessories. The financing was completed in conjunction with the acquisition of the company by Lion Capital, a consumer focused private equity firm, from VF Corporation...Read more. |
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Bertram Capital Promotes Ingrid Swenson to Partner and Managing Director |
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.png "Up") May 17, 2012 - Bertram Capital has promoted Ingrid Swenson to Partner and Managing Director. Ms. Swenson, the Chief Financial Officer at Bertram, has been with the firm since its inception in 2006 and oversees all of Bertram Capital's finance, administrative and internal information technology activities...Read more. |
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ARCHIVED HEADLINES |
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Our archived headlines are available to
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 May 16, 2012 -River Associates Investments has held a final closing of its sixth investment fund with $222 million in commitments, exceeding its initial target of $200 million and more than twice as large as the firm’s fifth fund which had $110 million in commitments...Read more. |
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Five Megatrends Driving Technology M&A |
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May 16, 2012 -Aggregate deal value of global technology mergers and acquisitions fell 12% year-on-year to $25.1 billion in the first quarter of 2012. This was only half the value decline of M&A in all industries, as ongoing economic uncertainty continues to take its toll on global deal-making. Private equity deal values for technology, meanwhile, climbed 171% year-over-year in the first quarter of 2012, despite falling significantly in all other industries, according to the latest Ernst & Young's Global technology M&A update...Read more. |
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Babson Capital Backs Baby Jogger |
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 May 16, 2012 - Babson Capital Management has provided $18.4 million of subordinated notes and $1.5 million of equity to support The Riverside Company’s recent acquisition of The Baby Jogger Company, a designer and marketer of infant and juvenile products. “Our long relationship spans more than a decade and numerous successful investments, and Babson Capital has proven itself to be a value-added partner both as a lender and an investor,” said Riverside Partner Karen Pajarillo. “The familiarity and trust we have developed translates into an ease of working together that enabled us to complete the recapitalization of Baby Jogger on an expedited timeline....Read more. |
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 May 15, 2012 -Vista Equity Partners announced today that it has closed Vista Equity Partners Fund IV (VEPF IV) at $3.5 billion, exceeding the initial target of $2.5 billion. Vista now manages over $6.6 billion of committed capital in its series of private equity funds...Read more. |
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Riverside Partners Closes Fund 5 at $561 Million |
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 May 15, 2012 -Riverside Partners has held the final closing of Riverside Fund V, L.P. with $561 million of capital commitments. The fund was oversubscribed and achieved its hard cap in six months. Atlantic-Pacific Capital served as Riverside’s exclusive global placement agent and advisor...Read more. |
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 May 14, 2012 -Kohlberg Kravis Roberts & Co. has formed a partnership with Transparency International, the global anti-corruption non-governmental organization. KKR’s partnership with Transparency International is the first within the private equity industry. “KKR is committed to responsible investing and believes that thoughtful consideration of environmental, social and governance issues are a critical component of value creation. This global partnership with Transparency International will help us to further enhance our investment and company stewardship processes, specifically in the field of business integrity’” said Ken Mehlman, Head of Public Affairs at KKR...Read more. |
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 May 11, 2012 - The Riverside Company has hired Jamie Kiggen as President of the global private equity firm. Mr. Kiggen’s responsibilities include chairing the Riverside Cabinet (composed of the Co-CEOs, Fund Managers and the COO), working closely with senior investment executives, leading new product development, supporting the work of the Investor Relations team, assisting with human capital management, representing Riverside at select events and providing investment expertise on select transactions. Mr. Kiggen will be based in Riverside’s New York office...Read more. |
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May 10, 2012 - The global industrial products (IP) industry experienced an increase in the number of mega deals (value of $1 billion or more) in the first quarter of 2012, despite an overall decrease in the volume of deals (valued at $50 million or more) compared to the fourth quarter of 2011, according to a series of quarterly merger & acquisition reports by PwC that examined activity in the first quarter of 2012 across six sectors: aerospace & defense (A&D), chemicals, engineering & construction, industrial manufacturing, metals and transportation & logistics. Despite improved balance sheets and liquidity across several sectors, the constrained outlook and continued uncertainty regarding the world economy continued to dampen overall M&A activity...Read more. |
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 May 10, 2012 -CapX Partners has announced the promotion of Richard Bollinger to the position of Managing Director. Mr. Bollinger’s responsibilities at CapX include business development, underwriting, and portfolio management within the West and Southwest Regions of the United States...Read more. |
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 May 9, 2012 -Ares Capital Corporation has entered into an amended and restated senior secured revolving credit facility which increases the size of the facility from $810 million to $900 million and extends the final maturity from January 2013 to May 2016. In addition, the stated interest rate on the facility was reduced from LIBOR plus 3.00% under a pricing grid to LIBOR plus 2.25% with no pricing grid and there continues to be no LIBOR floor. The facility also contains an accordion feature which permits, under certain conditions, the expansion of commitments to $1.35 billion...Read more. |
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 May 9, 2012 - Corporate Resolutions, a business investigations and consulting firm, has hired Wes Rigler as Director of Investigations in the firm’s New York headquarters, in a move to expand its investigations team. “We’re thrilled to bring Wes aboard as Director of Investigations,” said Ken Springer, President of Corporate Resolutions. “His wealth of experience in investigations, stemming from 28 years with the FBI, will help to keep Corporate Resolutions at the forefront of the corporate investigations and fraud prevention industry. We look forward to working with Wes and we’re sure that his skills will prove invaluable to Corporate Resolutions’ client base, both now and in the future...Read more. |
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 May 9, 2012 - Bregal Private Equity Partners has announced that Giselle Bright and Sarah Claypool have joined the firm with a focus on private equity funds and co-investments. "We are excited to expand our global team to take advantage of the opportunities in the private equity market. Our firm has had a very active investment year in 2011 with commitments to firms that are well-suited to create strong returns in undoubtedly difficult markets ahead of us", said Chuck Flynn, a Managing Director at Bregal...Read more. |
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TODAY'S TRANSACTIONS
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 May 18, 2012 -The CapStreet Group has completed the majority recapitalization of Vendor Credentialing Services, a provider of web-based vendor credentialing. “We believe The CapStreet Group’s experience with rapidly growing companies make them ideal partners as we pursue our next phase of growth,” said Troy Kyle, president and co-founder of VCS...Read more. |
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 May 18, 2012 - D&W Fine Pack, a foodservice packaging provider and a portfolio company of Mid Oaks Investments, has acquired the Thermoforming Division of Clear Lam Packaging. The addition of Clear Lam increases D&W’s presence in the retail grocery market segment....Read more. |
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Trinity Hunt Invests In Equivalent DATA |
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 May 18, 2012 - Trinity Hunt Partners has announced that it has made an investment in Equivalent DATA (" EQD") an electronic discovery services provider to law firms. "We have a strong management team here at EQD and a software solution that is second to none," said Mike Medrano, President and CEO of Equivalent DATA. "Trinity Hunt will provide us with patient capital that can help our firm grow into a national eDiscovery platform...Read more. |
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YESTERDAY'S TRANSACTIONS
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vMay 17, 2012 - Nicolet Capital Partners announced today that it has completed the acquisition of InterFlex Group, a flexible packaging provider. “InterFlex’s high quality converting equipment across multiple geographies combined with its ability to adapt different coatings, barrier technologies and packaging materials make it an ideal investment platform in this segment. Growth will come from both acquisitions as well as internal investment in new equipment and technically oriented sales and marketing resources,” said Brett Snyder, President of Nicolet Capital...Read more. |
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 May 17, 2012 -D&W Fine Pack, a foodservice packaging provider and a portfolio company of Mid Oaks Investments, has acquired Jet Plastica Industries, a manufacturer of food service supplies. “We are pleased to be joining forces with the Jet Plastica team,” said Mark Staton, President and Chief Executive Officer, D&W Fine Pack. “There are tremendous synergies between our product offerings, and we look forward to serving our new customers and providing an expanded suite of products to the market...Read more. |
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ARCHIVED TRANSACTIONS
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Our archived transactions are available to
members only.
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 May 16, 2012 - Berlin Packaging, a supplier of plastic, glass, and metal containers and closures and a portfolio company of Investcorp, today announced the acquisition Lerman Container. This transaction marks Berlin Packaging’s third strategic acquisition since 2010 when the company acquired Pittsburgh-based All-Pak and Chicago-based Continental Packaging Solutions...Read more. |
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 May 16, 2012 - PLZ Aeroscience, a portfolio company of Olympus Partners, has acquired Assured Packaging, a custom manufacturer of aerosols. "We are excited about this add-on acquisition as it continues to leverage PLZ Aeroscience as a platform for growth in the custom aerosol packaging sector, now with a solid footing in the household and personal care market," said Manu Bettegowda of Olympus Partners...Read more. |
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 May 15, 2012 -KPS Capital Partners announced today that, through a newly formed company, W Foundry International, it has entered into an agreement to acquire ThyssenKrupp Waupaca, an iron foundry company, from ThyssenKrupp Budd Company. ThyssenKrupp Waupaca will be renamed Waupaca Foundry, Inc. upon closing of the transaction which is expected in the second quarter of 2012...Read more. |
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 May 15, 2012 -Superior Capital Partners announced today that it has acquired the gourmet desserts division of Heinz North America. The newly formed entity will be called Dianne's Fine Desserts and will be led by Michael Knowles as CEO and Daniel Scales as President. This investment represents the twelfth acquisition and the fifth platform company from Superior's 2008 first fund...Read more. |
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Symphony Technology Group Acquires Source Healthcare Analytics |
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 May 15, 2012 - Symphony Technology Group today announced that it has acquired Source Healthcare Analytics from Wolters Kluwer. Symphony Technology Group will combine Source Healthcare Analytics with its existing portfolio company, ImpactRx, which acquired AlphaDetail and TargetRx during the last year, to form Symphony Health Solutions....Read more. |
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Platte River Ventures Exits PRV Aerospace |
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 May 15, 2012 -Platte River Ventures has announced the sale of its portfolio company, PRV Aerospace, to Court Square Capital Partners. "We have had an exceptional relationship with Platte River, and my team and I have valued their strategic insight and guidance over the past several years," said Richard Wood, CEO of PRV Aerospace. "We are pleased that this sale will deliver attractive returns for Platte River's investors and wish them continued success. We now look to build on the strong base we created in close partnership, this time with Court Square....Read more. |
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.png "Up") May 15, 2012 -Avista Capital Partners Acquires Top-Co Avista Capital Partners announced today that it has signed an agreement to acquire Top-Co, a designer and manufacturer of specialized casing cementing products used in the drilling and completion of oil, natural gas and geothermal wells....Read more. |
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 May 14, 2012 -Topspin LBO and AUA Private Equity announced today that they have invested in Brighter Dental Care, a regional dental practice management company. Topspin and AUA partnered with the existing owner-operators of the company, brothers Scott and Todd Singer, who will continue to manage the company going forward...Read more. |
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 May 14, 2012 -It was announced today that EAM Corporation, a portfolio company of Kinderhook Industries and a developer and manufacturer of absorbent products, has been sold to strategic buyer Domtar Corporation...Read more. |
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 May 14, 2012 - Golf Town, Canada's largest specialty golf retailer and a portfolio company of OMERS Private Equity, and Golfsmith International Holdings announced today that they have signed a merger agreement, pursuant to which Golf Town will acquire Golfsmith. The transaction will result in the creation of the world's largest specialty golf retailer. "Golfsmith is a company that we have admired for years. This transaction will give us a formidable footprint in North America and will also provide a strong platform for future growth," said Don Morrison, Senior Managing Director and Canadian Country Head of OMERS Private Equity...Read more. |
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 May 11, 2012 - Summer Street Capital has announced that it has invested in New England Orthotic & Prosthetic Systems, a provider of orthotic and prosthetic devices through a network of 30 clinics in New York, Connecticut, Massachusetts, and Rhode Island...Read more. |
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 May 11, 2012 - Falfurrias Capital Partners today announced that it has sold its controlling ownership interest in Commercial Credit Group to Lovell Minnick Partners. The transaction comes just over two years after Falfurrias acquired the Charlotte based equipment lender in March 2010...Read more. |
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 May 11, 2012 - Caterpillar has announced that it has signed an agreement for Platinum Equity to acquire a 65 percent equity stake in Caterpillar Logistics Services LLC, the third party logistics division of its wholly owned subsidiary, Caterpillar Logistics Inc. The transaction is valued at approximately $750 million. Under the terms of the agreement, Caterpillar would retain a 35 percent equity stake...Read more. |
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 May 11, 2012 - Sun Capital Partners today announced that it has signed an agreement to acquire the Enterprise Wireless Communications business of Polycom, Inc. (NASDAQ: PLCM) operating under the SpectraLink and KIRK telecom brands. The transaction is valued at approximately $110 million...Read more. |
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FEATURE ARTICLES
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May 10, 2012 - Ritchie Bros. Auctioneers, an industrial auctioneer, today announced that it has agreed to acquire AssetNation, an online marketplace for surplus and salvage assets and a portfolio company of Spire Capital Partners. Ritchie Bros. has agreed to acquire 100% of the issued and outstanding shares of AssetNation in an all cash transaction valued at $64 million...Read more. |
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May 9, 2012 - Prospect Partners today announced the management-led recapitalization of Landmark Irrigation, a provider of custom agricultural irrigation systems. Landmark Irrigation becomes the third portfolio company of the firm’s third fund...Read more. |
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May 4, 2012 - The Private Equity Growth Capital Council’s Private Equity Index (PE Index) fell to 87.1 during the first three months of 2012. The computation, which measures overall private equity activity in the U.S., fell 16 percent from the previous quarter. The quarterly change in the index’s value is driven primarily by sharp declines in private equity deal volume during the quarter. For the first time since 2010, the U.S.-based index fell below its 10-year moving average but still above index levels in late 2008 and early 2009...Read more. |
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May 3, 2012 - CIT Group has provided a senior secured credit facility to United Recovery Systems, a provider of third-party contingency debt collection services owned by Audax Group. The financing was provided by CIT to facilitate the acquisition of Enterprise Recovery Systems, a provider of collection services...Read more. |
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Automotive M&A Activity Gained Momentum Despite Challenges in 2011 |
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May 3, 2012 -Automotive mergers and acquisitions activity was strong in the first half of 2011 and then tapered off in the second half of the year following Europe's sovereign debt crisis and the natural disasters in Japan and Thailand, according to a new PwC publication Automotive M&A Insights: Driving Value. In 2011, 594 automotive deals were completed with a disclosed value of $45 billion, reflecting an increase compared to 2010, which had 520 completed deals totaling a disclosed value of $25 billion. A link to a free copy of the PwC report is available at the end of this article...Read more. |
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NewSpring Capital Invests in Zentech Manufacturing |
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May 3, 2012 -NewSpring Capital announced today that NewSpring Mezzanine, the dedicated mezzanine fund of NewSpring Capital, has provided a combination of mezzanine debt and equity financing to Zentech Manufacturing, an electronic contract manufacturer. The proceeds of the transaction are being used to provide capital for the future growth of the company...Read more. |
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May 1, 2012 -Arsenal Capital Partners announced today the acquisitions of Plasticolors, Inc. and Evonik Industries’ Colortrend global colorants business. The firm will combine these two businesses under a new platform company, Chromaflo Technologies, which will be headquartered in Ashtabula, OH. “Because of Arsenal’s deep expertise in the specialty chemicals sector we were able to complete this innovative transaction and create Chromaflo Technologies,” said John Televantos, a Partner at Arsenal and Co-Head of the firm’s Specialty Industrials Group. “With this merger we have created a company with the scale and range of product technologies that has the immediate critical mass to be a leading global player in the pigments dispersion market...Read more. |
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May 1, 2012 - LANDesk Software, a provider of systems lifecycle management, endpoint security and IT service management, and a portfolio of Thoma Bravo, today announced the acquisition of Managed Planet, a provider of IT services. "Acquisitions represent an important component of our growth strategy and this announcement marks a shift to accelerated growth for LANDesk," said Bob Macfarlane, LANDesk's Vice President of Corporate Development. "LANDesk has achieved its core goals since becoming an independent company and our strong financial performance fuels plans for future acquisitions...Read more. |
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April 30, 2012 -Palamon Capital Partners has concluded a transaction with Royal Bank of Scotland to provide a £23 million financing package for its portfolio company Cambridge Education Group which includes a dividend recapitalization for equity holders and additional debt financing for continued growth...Read more. |
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April 30, 2012 - Newtek Business Services (dba “The Small Business Authority”) announced today that it has signed an agreement and simultaneously received $10 million in mezzanine debt from a group of lenders led by Summit Partners. “We are very happy about our new relationship with Summit Partners as an established major investor of equity and debt capital for growth businesses. We plan on using this additional liquidity primarily to build our fast-growing small business lending platform, and also provide working capital to enhance and grow our “Small Business Authority” brand of business services with emphasis on expanding our offerings of cloud computing solutions,” said Barry Sloane, Chairman, President and CEO of Newtek...Read more. |
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April 27, 2012 - The Riverside Company has completed the sale of GreenLine Foods, a producer of green beans, to Apio, a processor and marketer of fresh-cut specialty packaged vegetables...Read more...Read more. |
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