DALLAS–(BUSINESS WIRE)–Generational Equity, a leading M&A advisor to private companies, is pleased to announce the sale of its client Natural Products, Inc. to Grain Processing Corporation. The transaction closed on July 1, 2022.
Natural Products, Inc. (NPI), based in Grinnell, Iowa, is a leading manufacturer of whole soy ingredients made from non-GMO or certified organic soy. In addition to soybeans, NPI also processes other legumes such as chickpeas. These ingredients often provide nutritional and functional enhancements to many categories.
Seventy-five years of value-added processing experience led to the formation of NPI in 1995 to process high-quality, food-grade soybeans. Soy has long been recognized as a source of high-quality vegetable protein, and food manufacturers are increasingly using it in their products to improve quality and reduce costs. Today, whole soy ingredients are in increasing demand around the world as manufacturers seek simple and innovative ingredients that enhance their products without adding cost or complexity.
Grain Processing Corporation (GPC), located in Muscatine, Iowa, is part of the KENT Corporation family of companies. GPC’s primary products include high purity alcohol, corn starches and maltodextrins. GPC sells to customers who use GPC ingredients for alcoholic beverages, food products, nutraceuticals, pharmaceuticals, personal care and industrial starch applications. GPC has a long history of innovation and a strong commitment to quality.
KENT® Corporation (KENT) Muscatine, Iowa, is a privately held, diversified company with operating subsidiaries involved in the wet milling of corn, the production of animal nutrition, and the manufacturing of foods, beverages, pharmaceuticals and health products. high quality pet food. KENT is led by third generation family member, Gage A. Kent. The KENT family of companies serves customers worldwide and employs more than 2,000 people at 40 locations in 20 states and seven countries.
“I am extremely proud to welcome the NPI team to GPC,” said Jimmy Kent, Senior Vice President of Sales at GPC. “We’re investing more in quality, sustainable food production with this family-to-family, Iowa-to-Iowa acquisition, helping us grow our diverse portfolio of products that help feed the growing world.”
“Consumers today want transparency, impeccable quality and assurance that their food is safe and made to the highest quality standards,” said Patrick Homoelle, President of GPC. “With NPI’s plant-based, non-GMO, organic and gluten-free ingredient solutions, this acquisition fits perfectly into our portfolio of farm-to-family businesses.”
Generational Equity Executive Managing Director M&A – Central Region Michael Goss and his team led by Senior M&A Advisors Todd McGreevy and Chris Barnard, with support from Vice President M&A Madison Buckley successfully completed the transaction. Senior Managing Director DeWayne Nelon established the initial relationship with NPI.
“We are very excited about both NPI and GPC. It was a fantastic collaboration between the two transaction teams and demonstrates the trust and mutual respect for each party’s skills and industry expertise that was established from the outset,” said McGreevy.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group and DealForce are part of Generational Group, headquartered in Dallas and one of the leading M&A advisory firms in North America.
With more than 300 professionals in 16 offices across North America, the companies help business owners unlock the wealth of their business by providing growth advisory, merger, acquisition and wealth management services. Their six-step approach includes strategic and tactical growth advice, exit planning training, business valuation, value enhancement strategies, transactional M&A services, and wealth management. .
The M&A adviser has named Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020 and North American Investment Bank of the Year in 2022. For more information, visit https ://www.genequityco. com/ or the Generational Equity newsroom.
