Experience

FOOD INGREDIENTS TRANSACTION

Integris Partners recently advised Custom Blending, Inc. of Fort Collins, CO on a recapitalization transaction which enabled its management team to acquire 100% ownership of the business. Funding for the transaction was provided by JPMorgan Chase. This recent assignment is another in a long history of food-related transactions undertaken by Integris.

“Integris Partners, led by Stephen van den Heever, helped us to present our company’s defensibility as well as its strong growth opportunities to a wide range of potential financing partners and delivered a tremendous outcome for us,” said Dan Berlin, co-owner of Custom Blending. “Through this transaction, we have a financial partner that is supportive of our new product development and overall growth plans.”

Custom Blending is a high quality manufacturer of food ingredients, spices, and flavorings, as well as specialty “healthy living” products. It is well known for its Rodelle® branded vanilla products, the 2nd largest and fastest-growing vanilla brand in the USA. Custom Blending also supplies a variety of branded and private-label flavorings and spices sold through major national retailers, as well to food service and industrial customers. The Company recently launched its “Harmony Valley®” brand of healthy living dry food products. Custom Blending is in the process of accelerating its product development and taking advantage of its new, purpose-built 32,000 square foot manufacturing facility.

“The way Integris led our process of selecting a financial partner, we weren’t just being measured in the market by our financials and assets, but also in terms of the depth of our management team and its tenure in the food industry. For all we read about the lack of availability of credit, we feel tremendously pleased about the capital structure and terms that we have been able to put in place and the financial strength we have going forward,” said Joe Basta, co-owner.

“We were advised by folks who know their business. The nature of this transaction required Integris not only to look at our current strengths and historic performance, but also to help us look into the future as we projected both operational and financial goals and performance,” said Scott Sliski, co-owner of the Company. “The Integris team brought operational expertise as well as investment banking skills to the table.”

Terms of the transaction were not disclosed. For additional information, please contact
Stephen van den Heever, Cassie Eilert or Robert Heilbronner.