Industry-leading producer of freeze-dried foods receives private investment from Graham Partners.
MODESTO, Calif. (November 10, 2016)—Mercer Foods, the industry leader in natural and clean-label freeze dried foods, announced today that the company has received a private investment from Graham Partners.
Graham’s investment interest in Mercer focuses on the attractive conversion opportunities available in the freeze-dried food industry, as consumers are increasingly seeking clean label, healthy foods that are ideal for on-the-go lifestyles. Mercer is a leader in this industry, with internally designed, proprietary freeze-drying equipment offering complete packaging solutions for branded, private label, and ingredient customers. With a strong history of technology and innovation, Mercer holds the potential to further its reputation as an innovator in its industry.
Dave Noland, CEO of Mercer, states, “Graham’s family heritage resonated with the Mercer team because it very much aligns with our company’s history; we are looking forward to collaborating with Graham and the industry experts they have already brought to the table to pursue growth opportunities in adjacent markets.”
Andrew Snyder, Managing Principal at Graham Partners, adds, “Mercer is a strategic fit for the Graham portfolio due to industry overlap with several of Graham’s portfolio companies, providing parallel access to industry expertise and familiarity with macro trends and existing and potential customers. Together, we see opportunities to enter new markets and channels with a goal of offering consumers a broader selection of higher quality, more nutritious food.”
About Mercer Foods, LLC
Mercer Foods is a leading producer of natural and organic freeze dried fruits, vegetables and other foods and ingredients. The company was founded in 1980 by freeze dried industry pioneer Jim Mercer, holder of many different patents in food technology. From its beginnings in the technology center of Palo Alto, California, the company has grown and expanded significantly at its current home in the food industry hub of Modesto, California. Mercer Foods is California-based and also globally-connected, sourcing hundreds of different foods and crops both nearby in the fields of California and also worldwide. With its roots in innovation and this diverse source of supply, Mercer Foods creates the highest quality freeze dried foods and ingredients, which the company provides to hundreds of food manufacturers and other customers. For more information, visit.
About Graham Partners
Graham Partners is a private investment firm focused on investing in businesses with advanced manufacturing technologies, innovative product development capabilities, and strong growth potential. Graham Partners targets companies with EBITDA between $5 million and $50 million, and will invest in smaller companies to the extent they complement one or more of its other holdings. Since the firm’s founding in 1988, Graham Partners has closed over eighty acquisitions, joint ventures, financings, and divestitures. The committed capital raised since inception through the Graham Partners funds together with Graham led co-investments totals approximately $2.1 billion, which differs from Regulatory Assets Under Management. Investors include university endowments, charitable foundations, financial institutions, and private investors. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise as a member of The Graham Group, an alliance of independently owned and operated industrial and investment management businesses that share in the common legacy of entrepreneur Donald C. Graham.