Chicago, Illinois – August 29, 2018; City Capital Advisors, a Chicago-based middle market investment bank, is pleased to announce that it acted as exclusive financial advisor to Hospitality Mints, LLC in the sale of the company to Mount Franklin Foods, LLC, the parent company of Sunrise Confections, Azar Nut Company and Mount Franklin Nutritionals.
Mount Franklin Foods manufactures a variety of high quality candy and nut products including gummies, jellies, brittle, organic chocolate, nuts and fruit snacks, for the retail and food service industries. The acquisition, for an undisclosed sum, is effective immediately and the company has stated that production of Hospitality Mints will remain in Boone, North Carolina.
“As part of our continued effort to strategically grow and diversify our business, the acquisition of Hospitality Mints will enable us to expand our overall sales and product offerings in both the retail and foodservice markets. We look forward to bringing the synergies of our two heritage organizations together to deliver a full portfolio of items, including mints, to our customers,” explained Gary Ricco, President and CEO of Mount Franklin Foods.
“We are excited to become part of the Mount Franklin Foods family,” states Pat Viancourt, President of Hospitality Mints. “Our two organizations share a long history with a long-term quality reputation in the retail and foodservice industries and our combined strengths will deliver even greater efficiencies, innovation and value for our customers and employees.”
About Hospitality Mints
Hospitality Mints, based in Boone, North Carolina, is a market-leading producer of superior quality mints and candies that are predominately individually wrapped and customized for customers in foodservice, retail and promotional products channels, and has been in business for more than 40 years. Hospitality Mints products include a wide range of soft and hard mints and candies, including soft butter mints, pastels, peppermints, jellies, and ice crystals, as well as the Party Sweets brand of mint items sold at retailers across the country.
About Mount Franklin Foods
Mount Franklin Foods, LLC is a leading North American manufacturer of high-quality confections, nut products and nutritional gummies headquartered in El Paso, Texas. The company proudly serves major retailers, wholesalers, co-manufacturing customers and foodservice distributors through its Sunrise Confections and Azar Nut divisions. Mount Franklin Nutritionals produces natural, organic and functional products. For more information please visit www.mountfranklinfoods.com.
About City Capital Advisors
City Capital Advisors, a FINRA registered broker-dealer, is a results-oriented investment banking advisory firm. Each of City Capital’s Managing Directors has more than 20 years of investment banking experience, offering clients the judgment and transaction management expertise honed from successfully executing more than $60 billion of collective merger and capital market transactions. Client engagements are managed exclusively by experienced senior investment bankers, allowing business owners to capture maximum value for their companies and to exceed shareholder objectives.