On the Street: Bluegrass Dairy and Food Sold
July 23/Chicago -- J.H. Chapman Group L.L.C. announced that its client Bluegrass Dairy and Food has been sold to Dubilier & Company and Merit Capital Partners in partnership with Bluegrass founders. Bluegrass was represented by McDermott Will & Emery.
Bluegrass Dairy and Food is a processor of custom value-added dairy ingredients for the food and beverage industry.
"Management is excited at the opportunity to move the business into its second stage of development with the support of two wonderful financial partners, Dubilier and Merit Capital," said Billy Joe Williams, chairman and chief executive officer of Bluegrass Dairy and Food. "With their support, we plan continued significant growth in providing the finest quality and most innovative dairy-based ingredients for our customers. In addition, we look forward to future growth through new products and new industry segments."
From the August 2, 2010, Prepared Foods E-dition