Global Food Properties was pleased to represent a leading private label food manufacturing in the sale of an integrated wheat mill and pasta manufacturing facility in the Upper Midwest. Operating with significant excess capacity, the Seller was interested in a bundled asset sale, to include in the transaction the real property and all remaining machinery and equipment.
Global Food Properties’ marketing campaign targeted major operators in the Northern States, as well in the Western Provinces of Canada. The facility and equipment were purpose-built for pasta production, supported by front-end Meridian Grain Max receiving bins, gravity-flow Ocrim and Maig milling lines, and Demaco pasta extruders, both long and short. Ultimately, the sale closed to a regional pasta and dry mixing company seeking to capture the significant cost and speed-to-market advantages of a turn-key plant.
For additional details on how bundling machinery and equipment with a vacant plant can create a market, define use, and drive value – all of which help compress time-on-market and carry cost – please contact our Co-Founder & Designated Managing Broker, Jeffrey J. Counsell at +1 312 589 8844 or jeff.counsell@globalfoodproperties.com.