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.
“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.”
