R.S. Hanline & Company, Inc
Company Description
RS. Hanline & Company, Inc. is a leading fresh produce supplier and one of the largest food manufacturing and wholesale produce distributors in the Eastern United States. The Company offers an extensive line of fresh-cut value added, specialty and locally grown products for all market segments in the produce industry.
Services Provided
MelCap Partners, LLC served as investment banker and financial advisor to Hanline in this acquisition.
The Result
In an effort to expand its product offering, and to better serve its customers, Hanline made a strategic decision to enter the frozen foods business by acquiring certain operating assets from Flavorco-USA, Inc., a Mastronardi Produce Company, in Detroit, Michigan.
Client Quote
“We are excited to expand our portfolio of companies into the frozen food industry. Although it is different from the fresh produce industry, we feel our core competencies will fit well with frozen products. We’d also like to thank MelCap Partners for all their support. We have been working with them for years on identifying the right opportunity for our next expansion. MelCap was instrumental in assisting with this expansion project.”
Cody Granneman
Chief Operating Officer, R.S. Hanline & Company, Inc.
Providing the Services Business Owners Need for Over Two Decades
At MelCap Partners, our team of experienced industry professionals has a high amount of respect for business owners making pivotal decisions — whether they’re selling their business or expanding. We do our best to provide services that honor the work they’ve put into building their business from the ground up.
We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.
If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.
- Category: Buy-Side M&A, Consumer & Retail, Food, Specialty Distribution