Expanding Culinary Innovation
Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Idan Foods, headquartered in Hawthorne, NJ to Woodland Foods of Waukegan, IL, a portfolio company of Graham Partners.
The DAK Group served as the exclusive investment banker and financial advisor to Idan initiating and managing the process.
“The owners and management of Idan Foods have monetized an exceptional family business founded in 1978. Joining forces with Woodland Foods will propel their growth plan and provide additional product and service opportunities for customers” stated Milton Kahn, Managing Director, The DAK Group, who led the transaction, along with Marvin Ma, Senior Associate.
This transaction capitalizes on Idan Foods’ position as a provider of high-quality breading and batters, coating systems, baking mixes, and seasonings for high-growth foodservice operators, large established foodservice distributors, and innovative industrial customers throughout the United States. Idan’s 46-year legacy has been built on superior attention to detail across R&D, manufacturing, and customer service. Idan specializes in collaborating with customers to create custom and bespoke products , resulting in strong relationships with customers across a range of attractive channels.
Giorgio Nadi, President of Idan Foods stated “we are very excited for the opportunity to join the Woodland team. With a greater product selection, an enhanced research lab and larger sales team we can bring greater satisfaction to our customers, as well as attract new ones”.
John Buckles, CEO of Woodland Foods, added, “Idan is a strategic add-on for Woodland. The inherent strengths of Idan, including their commitment to quality and partnership with key customers, is a great fit with Woodland’s broad channel reach, culinary capabilities, and global sourcing approach. The entire Woodland team and I are pleased to welcome Giorgio and Idan and we are excited about how these new categories will create value for Woodland’s customers.”
About DAK
www.dakgroup.com
The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sales, strategic leadership advisory, valuations, and fairness opinions. Since 1984, The DAK Group has executed hundreds of transactions across a wide range of industries. The DAK Group is headquartered in Rochelle Park, NJ.
About Idan Foods
www.idanfoods.com
Idan Foods, headquartered in Hawthorne, NJ., is a manufacturer and developer of breading and batters, coating systems, baking mixes, and seasonings. Idan has a strong portfolio of branded offerings and also offers custom solution development services for customers. Idan focuses strongly on high quality products and customer service and is a key partner to high-growth foodservice operators, large established foodservice distributors, and innovative industrial customers.
About Woodland Foods
www.woodlandfoods.com
Woodland Foods, headquartered in Waukegan, IL., is a provider of plant-based specialty ingredients, including herbs, spices, mushrooms, rice, grains, chilies, nuts, seeds, and fruits. Woodland leverages a robust global procurement network, strong in-house culinary and R&D infrastructure, value-added processing, quality assurance, and unique packaging capabilities to sell into foodservice, industrial, retail, and e-commerce channels across North America.
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