FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

LBC Credit Partners Supports the Acquisition of Simply Natural Foods

August 21, 2020, 09:15 AM
Filed Under: Food Manufacturing

LBC Credit Partners ("LBC"), one of the leading providers of financing solutions to middle market companies, provided a senior secured term loan facility, as part of a $115 million senior secured credit facility, to AOG, LLC d/b/a TruFood Manufacturing ("TruFood"), a portfolio company of AUA Private Equity Partners, to support the acquisition of Simply Natural Foods ("Simply Natural" or the "Company").

TruFood is a leading contract manufacturer of branded and private-label nutrition bars, protein bars, chocolate moulded products, and baked goods. These products are sold at club, grocery, drug, convenience, and department stores worldwide. TruFood has a large presence on the East Coast with over 400,000 square feet of state-of-the-art manufacturing facilities and continues to grow through its strong reputation for manufacturing high-quality snack products for its marquee customer base.

Simply Natural is a co-manufacturer of renowned nutrition and better-for-you chocolate and bar brands for large and high-growth CPG companies as well as private label customers. It has a diversified portfolio of products including, functional and diet bars, chocolate bars, peanut butter cups as well as other moulded and extruded snack items. The Company currently operates out of an SQF Level 2 certified facility based in Commack, New York.

AUA Private Equity Partners is a New York-based, operationally-focused, lower middle-market investment firm providing strategic capital to companies in the consumer products and services sectors with a particular focus on family-owned businesses or companies benefiting from the growth of the U.S. Hispanic population. AUA Private Equity Partners makes equity investments of $20 to $75 million in companies that generate in excess of $5 million in EBITDA.

LBC served as Agent and Sole Lead Arranger for the senior secured term loan facility.





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.