Acquisitions Northwest advises Iconic Liberty Orchards’ sale to a Major International Confectionery firm KDV
KDV USA Acquires Liberty Orchards, Inc.
LIBERTY ORCHARDS, INC. is a 100-year-old, third-generation family firm that is a manufacturer of confectionery products, and in particular, the iconic Aplets and Cotlets brand that is sold nationally through wholesale channels, DTC e-commerce, catalogues and their company store. “Our family is delighted that KDV plans to continue operations in Cashmere, making our unique candies and providing good jobs in our community,” said Greg Taylor, formerly the company president.
KDV GROUP was founded in 1994 and is a multinational food and snack company with a broad range of products along with world-class production facilities, a well-established distribution network, a highly efficient agricultural division, and excellent value chain management. This will be its first foray into the American market. In addition to continuing the manufacturing of Liberty Orchards confections, the company will also import over 700 food products from 15 KDV Group factories into the U.S.
KDV’s distribution network will fuel growth opportunities within the Liberty Orchards business and across KDV’s portfolio. Liberty Orchard’s production will have access to resources, research and development, and years of mass-scale distribution experience to tap into. “We are excited to welcome Liberty Orchards to the KDV family, to meld fresh ideas with long-standing traditions, and to continue making products loved by so many Americans,” said Denis Shtengelov, KDV Group’s CEO.
ACQUISITIONS NORTHWEST, INC. was engaged by the family shareholders of Liberty Orchards, Inc. to research and locate potential acquirers from the confectionery industry to not only acquire the company and their brands but to commit to remain in Cashmere, Washington, the company’s home since 1920.
https://www.acquisitionsnw.com/
< Blog
Recent Articles
Business Owners: What Are You Running Towards?
EdgePoint, USA - A seasoned business investor once told me that business owners are either running away or towards something. He clearly stated that he avoids owners running from something and endears himself towards those with a strong purpose towards their next chapter.
What is the most important thing businesses should know about the economy in 2024?
BCC Advisers, USA - Today, folks are seeing the light at the end of the tunnel when it comes to inflation, rising Fed rates, input shortages, transportation costs and employment disequilibrium.