has acquired the assets of
Milne Fruit Products, Inc. announced they have acquired the assets of Valley Processing, a fruit ingredient processor based in Sunnyside, Washington. The acquisition includes juice and puree production facilities along with freezer and cold storage facilities, all located in Sunnyside. Cascadia Capital provided advisory services to Valley Processing on the transaction.
The acquisition of Valley Processing and their storage facilities is the second major expansion by Milne in the past two years. In the fall of 2018, Milne completed construction of a new vegetable puree processing facility near their Headquarters in Prosser, Washington. This new vegetable production facility specializes in Low Acid Aseptic vegetable purees (butternut squash, pumpkin, spinach, kale, corn, carrot, pea, broccoli and zucchini).
“This transaction is reflective of a rapidly consolidating produce processing and ingredient sector. Strategic acquirers continue to look for scale and synergistic technologies to add to their portfolio to better serve customers in today’s changing environment,” said Scott Porter, Senior Vice President at Cascadia Capital.
George Sent, Managing Director, added, “The acquisition represents another successful engagement for our growing practice in the Ingredients sector, which has now closed five transactions in the last 18-months. The markets remain open and strong for industry leading ingredient platforms.”
Past Cascadia Ingredient transactions include FruitSmart’s sale to Universal Corp and Western Polymer’s acquisition by Ingredion.
For more information about this transaction, please contact:
George Sent
Managing Director
gsent@cascadiacapital.com
(234) 380-3242
Scott Porter
Senior Vice President
sporter@cascadiacapital.com
(206) 436-2528