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     118  0 Kommentare Harris Williams Advises Denali Ingredients on its Pending Sale to Orkla Food Ingredients, a Subsidiary of Orkla ASA

    Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Denali Ingredients, a privately held, family-owned company, on its pending sale to Orkla Food Ingredients (OFI), a business area of Orkla ASA (Orkla). Denali Ingredients is a leading provider of custom specialty ingredients for the ice cream and frozen novelty industry. The transaction is being led by Brant Cash, Andy Warczak and Cam Cornwell of the Harris Williams Consumer Group.

    “The specialty ingredients sector continues to see strong interest from both strategic buyers and private equity investors,” said Andy Warczak, a director at Harris Williams. “The ice cream and frozen novelty category is an attractive space that performs well through economic cycles, and with an industry-leading reputation for innovation and quality products, Denali Ingredients is well-positioned to continue to drive growth as a company and for the category as a whole.”

    “We continue to see a lot of interest in U.S. food and beverage businesses from European ingredient companies looking to expand their access to the U.S. market,” added Brant Cash, a managing director at Harris Williams. “Denali Ingredients’ longstanding partnerships with marquee customers and its highly responsive and innovative R&D team were very attractive to the market. We are excited about this next phase of growth for Denali Ingredients, which through its partnership with OFI, brings additional innovative products and world-class capabilities to further enhance its value proposition.”

    “We are very pleased to become a part of OFI, and we look forward to continuing to assist our customers in their quest to innovate in the ever-changing food sector. The guidance that we received from Brant, Andy, Cam, and the rest of the Harris Williams team throughout this process has been invaluable, and I credit them with getting us to the finish line,” said Neal Glaeser, president and CEO of Denali Ingredients.

    Wisconsin-based Denali Ingredients is a leading supplier of fudge, caramel, peanut butter, and fruit variegating sauces; flavors and flavor bases; fruit puree and packs; baked inclusions; extruded doughs; flakes; and other ingredients for the dairy, ice cream, bakery, and food service industries. Denali Ingredients is a sister company to Michigan-based Denali Flavors, Inc., one of the leading inventors and marketers of specialty flavors for the ice cream industry, including its signature flavor, Moose Tracks.

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    Harris Williams Advises Denali Ingredients on its Pending Sale to Orkla Food Ingredients, a Subsidiary of Orkla ASA Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Denali Ingredients, a privately held, family-owned company, on its pending sale to Orkla Food Ingredients (OFI), a business area of Orkla ASA …