Food, Beverage & Agribusiness
Meridian Capital Advises Meduri Farms on its Sale of Select Assets to A&P Fruit Growers
Published April 2, 2024
Meridian Capital (“Meridian”), a leading independent middle market investment bank and M&A advisory firm, is pleased to announce a successful acquisition of select assets of one of its clients, Meduri Farms, Inc (“Meduri” or the “Company”), by Bath Oregon Holdings, Inc., an affiliate of A&P Fruit Growers Ltd.
Founded in 1984 and based in Dallas, OR, Meduri Farms is the #1 processor of premium quality dried blueberries in the world, and is a major processor and supplier of dried fruit ingredients to many of the top CPG, retail and ingredients brands in the US, Asia and Europe. The organization will continue to be led by both the first and second generation of the Meduri family.
Bath Oregon Holdings, Inc., an affiliate of A&P Fruit Growers Ltd., purchased the Company’s primary growing assets, enabling the Company to free up liquidity within the organization, recapitalize certain debts and allow the Company to focus on continued growth and automation at the Company’s primary processing facilities. The Meduri family will continue to be the sole owner of Meduri Farms and its processing operations going forward.
James Rothenberger, Managing Director at Meridian, stated “The Meduri family has built a tremendous organization with a bright future. This transaction will free up resources at the Company and enable the Company to more quickly grow and automate its existing processing facilities. We are thrilled for the Meduri Family and look forward to continuing to watch the Company grow and thrive.”
The closing of the Meduri Farms transaction represents continued momentum for Meridian’s Food & Agribusiness practice, which serves clients throughout the food and agribusiness supply chain. Recent closed transactions include a significant fresh produce distribution and logistics platform acquired by a private equity firm in a confidential transaction, and the sale of Monson Fruit to Tiverton Ag.
About Meduri Farms
Meduri Farms (“Meduri” or the “Company”) is the leading processor of premium quality dried blueberries and other dried fruit ingredients to many of the top CPG, ingredients, and retail brands across the U.S., Europe, and Asia. Founded in 1984 and based in Dallas, OR, Meduri and its legacy brand are led by the first and second generation of the Meduri family. For more information, please visit: www.MeduriFarms.com.
About A&P Fruit Growers and Bath Oregon Holdings, Inc.
A&P Fruit Growers is a family owned business with over 40 years of growing, harvesting, packaging, and delivering fresh and frozen berries, including blueberries, raspberries, and rhubarb. A&P’s dedication extends to offering both fresh and frozen berries across Canada, USA, and Pacific Rim. For more information visit: www.APFruitGrowers.ca.
Photo credit: Meduri Farms
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About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
