Natural American Foods Inc. announced completion of its successful sale to an affiliate of Peak Rock Capital.
January 2/Onsted, Mich./PRNewswire -- Natural American Foods Inc. announced completion of its successful sale to an affiliate of Peak Rock Capital ("Peak Rock"). Natural American Foods merged with Groeb Farms Inc., which also concurrently completed a successful reorganization of its balance sheet under Chapter 11 protection in just 90 days. Natural American Foods now enjoys a fully recapitalized balance sheet with professional management and significant capital resources provided by its new owner to invest in and grow the company.
"This is a very desirable outcome, and we are extremely pleased with the smooth transition to our new ownership," said Natural American Foods CEO Rolf Richter. "We thank Peak Rock for their dedication to helping us establish a strong, well capitalized foundation that will allow us to focus on what is most important; making the highest quality honey products for our commercial and retail customers."