Malabar Super Spice Co Ltd, a Burlington, Ontario-based maker of custom seasonings and a distributor of food ingredients, spices and sausage casings, has been sold to an unidentified Canadian private investment group. No financial terms were disclosed for the deal, which was announced by U.S. advisory firm Generational Equity. Founded in 1982, Malabar distributes its products to the meat and poultry industry, as well as food processors, in Canada. The company’s investor was looking to enter the food industry through the deal, Generational Equity said.
Generational Equity Announces Sale of Malabar Super Spice to Private Investment Group
DALLAS, April 26, 2017 /PRNewswire/ — Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Malabar Super Spice Company Ltd. of Burlington, Ontario, to a private investment group located in Ontario, Canada. The acquisition closed January 31, 2017. Details were not disclosed.
Malabar Super Spice, founded in 1982, is a formulator and manufacturer of custom seasonings and a distributor of food ingredients, spices and sausage casings to the meat and poultry industry, as well as food processors across Canada. The company has a “AA” rated BRC Food Certified wholesale facility.
The Canadian private investment group that acquired Malabar was looking to enter the food industry by finding a company that had its own product line, and Malabar met the company’s criteria.
Generational Equity Managing Director Douglas Smith’s team, headed by trusted affiliate Mike Hammer with support from Generational Equity Vice Presidents Ryan Johnson and Musa Jagne, successfully closed the deal.
“Our client was well prepared after experiencing a Generational Equity conference years earlier,” said Hammer. “And the buyer group was knowledgeable in the industry which also helped close the transaction.”
“Mike Hammer provided the balance and focus needed to stay on course, and grounded the communication between all parties to minimize misunderstandings and possible conflicts, and the business is sold,” stated Doris Valade, President of Malabar Super Spice.
About Generational Equity
Generational Equity, part of the Generational Group headquartered in Dallas with over 200 professionals located throughout North America, helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services. The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit http://www.genequityco.com and http://www.gecpress.com.
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Photo courtesy of Malabar Super Spice Co Ltd