Mistral Equity Partners has reached an agreement to sell its portfolio company, Country Pure Foods, to a joint venture of Sapporo International and Toyota Tsusho America. The agreement was signed on December 23, 2014, and the closing will occur before the end of January 2015.
Country Pure Foods makes individually packaged fruit juices, drinks, and nectars that are sold to the foodservice, grocery and convenience stores, and contract manufacturing segments. The company currently offers over 350 products, across 24 packaging types and 38 flavors. Country Pure Foods has facilities in Akron, OH (headquarters); Ellington, CT; Deland, FL; and Houston, TX (www.juice4u.com).
Mistral Equity Partners invests in companies in the consumer, retail, and consumer-focused media sectors. The firm invests from $25 million to $50 million of equity in each transaction, and generally looks for businesses with enterprise values of $100 million to $300 million. Mistral Equity Partners is headquartered in New York (www.mistralequity.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-5-15