CHICAGO, IL ––June 13, 2013; City Capital Advisors, a results-oriented investment banking firm serving the middle market, announced today that a majority interest in its client, RMH Foods, was acquired by Sandridge Food Corporation. City Capital Advisors was hired as the exclusive financial advisor to RMH Foods. The transaction was led by City Capital Managing Director Rachel Corn Kluge.

Transaction Summary

Sandridge Food Corporation acquired a majority interest in RMH Foods, a leader in fully cooked refrigerated and frozen entrees. RMH Foods offers customers fully cooked retail, foodservice and specialized portion-control products utilizing Sous Vide, or cook-in-bag, technology.

This transaction leverages Sandridge's strategy to produce innovative solutions for a growing customer base that demands fresh, great tasting food.

"We are truly excited to begin our relationship with RMH Foods. We both are third generation family businesses, our core values are aligned, and both families have the commitment to create clean label, great tasting food," said Mark D. Sandridge, CEO, Sandridge Food Corporation.

RMH Foods' Sous Vide technology will help to expand Sandridge's offerings by providing the capability to enter a new business segnment that will now include "center of the plate" entrees - a complement to Sandridge's expansive line of fresh soups, salads, sides and sauces.

This collaboration will also strengthen Sandridge's ability to create and distribute a wider variety of products that allow for reduced sodium and no preservatives.

Located in Morton, Illinois, RMH Foods is well positioned to ship coast to coast coupled with Sandridge.

Under this agreement, RMH Foods will become a Sandridge Family Company, a part of Sandridge Food Corporation. Jon Rocke will remail on board as the RMH Foods President, and will recieve extra support from the management team at Sandridge.

About RMH Foods

RMH Foods has a long history of innovation and evolution to meets its customers' ever-changing requirements. From the company's founding as a local custom processor through its evolution to a manufacturer of fully-cooked foods, the Rocke family has built a reputation for high quality products and lasting customer and industry relationships. Today, RMH Foods is recognized as a leader in providing co-packed, private label and branded fully-cooked refrigerated and frozen entrees to the retail channel.

 About Sandridge Food Corporation

For more than 50 years, Sandridge Food Corporation has produced fresh deli salads, soups, entrees, desserts, sauces and dips for the club, food service and retail sectors. A leader in the refrigerated foods industry in North America, Sandridge has built its heritage by having an unparalleled commitment to food safety, culinary excellence, innovation and world-class customer service.

About City Capital Advisors, LLC

City Capital Advisors, a FINRA registered broker-dealer, is a results oriented investment and merchant banking advisory firm.  Client engagements are managed exclusively by experienced senior investment bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting their objectives as shareholders.  City Capital’s investment banking professionals have successfully advised clients on merger and capital markets transactions totaling in excess of $60 billion.


 

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