Georgia-Based Pecan Company

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Company Overview
An industry leader, this Georgia-based pecan company operates a 75,750 square foot facility to purchase, shell, store, and market pecans across the United States and Canada.

In 2013, the plant processed 10.8 million pounds of in shell pecans, resulting in customer revenues of $20.9 million, a five-year compounded revenue growth rate of 31%. Pounds shipped have grown an average of 36% year-on-year, reaching a total of 5.0 million pounds in 2013. To efficiently support its production, the plant also maintains 14,000 square feet of cold storage.

Founded in 1937, the business has an established brand and a reputation as a quality supplier in the Southeast pecan market. As such, the Company’s diversified base of over 400 repeat customers include confectioners, wholesale distributors, ice cream manufacturers, bakeries, grocery and food service companies. The company’s ‘Top 10’ customers average approximately 40% of total revenues.

The Company has achieved impressive growth from its candy operation, which produces, packages and sells seven (7) varieties of candied pecans. The continued expansion of the candy operation is an exciting area of opportunity for the Company.

In 2011, the Company installed state-of-the-art pecan shelling equipment. With capital investments of $6.7 million in new equipment and plant fixtures, the business has updated capacity and can efficiently process in excess of 27.5 million pounds of in shell pecans annually. These new processing capabilities have improved yields and significantly reduced direct labor costs. Yield improvements have been realized in both nutmeat pounds (reduction of nutmeat waste) and improved quality (increasing halves through reduced breakage).

The management team, including the Division Manager, Controller, and Plant Manager, has a combined total of 88 years experience in the pecan industry with strong connections in the Southeast market. The company’s dedicated, long-term workforce at both plant and management levels have furthered the company’s positive presence in the local community.

Key Facts

  • Consistent five-year revenue growth of 31% CAGR
  • Loyal, repeat base of over 400 customers
  • Pecan candy segment is the driver of significant growth
  • Well run 75,750 square foot plant with new equipment installed in 2011-2012
  • Strong supplier relationships and commodity purchasing expertise
  • 65 experienced, long term employees as of 2013

Strategic Purchase Considerations
The company is well suited for investors interested in –

  • Acquiring an efficient plant operation in a prime location with extensive capacity to meet the growing domestic and international demand for pecans
  • Capitalizing on the operations, processing capabilities, and loyal customer and supplier relationships to expand a Southeast pecan business
  • Creating vertical integration to complement an existing supply chain, production capability and/or marketing activity

Bid Process and Timing


Letters of Interest / Purchase Price Indication
Finalists Notified
Preliminary Due Diligence

  • Company Data Review
  • Facilities Tour
  • Standard Contract Review

Final Offer Deadline
Successful Bidder Notified
Final Due Diligence/Contract Completion
Deal Closing

Bid Process and Timing


August 15, 2014, 5pm EST
August 25, 2014
August 26, 2014 - September 22, 2014

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September 22, 2014, 5pm EST
September 29, 2014
September 30, 2014 - October 29, 2014
October 30, 2014

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