NOVACAP to Sell Idaho Pacific to Arlon Group
Idaho Pacific has been a portfolio company of the NOVACAP Industries III fund since May 2011
IMAGE CREDIT: Nick Roskelly
NOVACAP, a Canadian leader in private equity, announced that it has sold Idaho Pacific, a company specializing in dehydrated potato products (“IPH”) to Arlon Group (“Arlon”), a food and agriculture investment firm with a global network that supports investments across the entire food supply chain in the Americas. IPH has been a portfolio company of the NOVACAP Industries III fund since May 2011.
“From our acquisition of IPH in 2011 and the value creating investments that followed, NOVACAP, along with the management team, have built IPH into a major player in the dehydrated potato sector”, said Domenic Mancini, Senior Partner at NOVACAP.
“It has been a pleasure partnering with the management team and all of the IPH employees over the last five years and I am confident that the transaction with Arlon will allow IPH to take its business to the next level in the North-American market”, mentioned Antoine Casimir, Vice-President at NOVACAP.
“From our acquisition of IPH in 2011 and the value creating investments that followed, NOVACAP, along with the management team, have built IPH into a major player in the dehydrated potato sector”, said Domenic Mancini, Senior Partner at NOVACAP.
“It has been a pleasure partnering with the management team and all of the IPH employees over the last five years and I am confident that the transaction with Arlon will allow IPH to take its business to the next level in the North-American market”, mentioned Antoine Casimir, Vice-President at NOVACAP.
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