An Affiliate of Sun Capital Partners, Inc. Acquires Hickory Farms, Inc., a Multi-Channel Retailer of Branded and Gift Food Products.BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm specializing in leveraged buyouts leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , equity, debt, and other investments in market-leading companies, today announced that one of its affiliates has acquired Hickory Hickory, city, United States Hickory, city (1990 pop. 28,301), Burke and Catawba counties, W N.C., at the foot of the Blue Ridge Mts.; inc. 1870. It is a processing and trade center for an abundant agricultural region (grain, soybeans, poultry, hogs, Farms, Inc. ("Hickory Farms"), a multi-channel specialty retailer of branded and gift food products. Hickory Farms sells high-end beef and cheese products, chocolates, desserts, fresh fruits and nuts, seafood, and other delectables through mail order and online catalogs Similar to an online library or databases in the information storage respect, ‘’’online catalogs’’’ allow potential customers to browse a company’s items for sale from a different location using the internet. , grocery stores and mass merchants, and direct through more than 600 shopping-mall kiosks which are deployed during the Christmas season. Terms of the acquisition were not disclosed. John J. Langdon, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Hickory Farms, Inc. said, "Hickory Farms enjoys strong competitive advantages including: unique multi-channel distribution capabilities; best-in-class brand awareness; and a scalable operating platform. This transaction represents a tremendous opportunity for Hickory Farms to partner with a financial sponsor with deep operating experience in retail, grocery, and food sectors and one that shares our vision for accelerated growth." Scott W. Edwards, Vice President, Sun Capital Partners, Inc., added, "Hickory Farms is a premium consumer brand with strong appeal to a broad cross section of U. S. consumers, whether measured by age, income or geography. We are looking forward to assisting John Langdon and the management team move Hickory Farms to the next level." About Sun Capital Partners, Inc. Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in market-leading companies that can benefit from its in-house operating professionals and experience. Sun Capital affiliates have invested in and managed more than 155 companies worldwide with combined sales in excess of $35.0 billion since Sun Capital's inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , as well as affiliates with offices in London, Tokyo, and Shenzhen. For more information, please visit www.SunCapPart.com. |
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