Maranon Capital Leads $145 Million Unitranche Financing for Acquisition of Fleischmann’s Vinegar Company, Inc.

Maranon Capital, L.P. today announced that it was Agent for a $145 million unitranche financing to support the acquisition of SCI Ingredients Holdings, Inc. and its wholly owned operating subsidiary, Fleischmann’s Vinegar Company, Inc., by Green Plains Inc. (NASDAQ:GPRE) in a transaction valued at $250 million.

Fleischmann’s Vinegar is the world’s largest manufacturer and marketer of food-grade industrial vinegar with the capacity to produce approximately 130 million gallons of vinegar annually for commercial and consumer resale markets. The company serves a range of markets and end-use applications including: food and beverage ingredients, antimicrobials, bio-herbicides, and cleaning products across the food, beverage, agricultural, industrial, and wholesale markets. Headquartered in Cerritos, California, Fleischmann’s Vinegar has 112 employees and operates seven manufacturing facilities located in Alabama, California, Illinois, Maryland, Missouri, New York and Washington. The company also utilizes four distribution warehouses located in Oregon, California, Texas and Quebec, Canada. Additional information about Fleischmann’s Vinegar can be found at www.fleischmannsvinegar.com.

About Maranon Capital

Maranon Capital, L.P. is an alternative investment management firm focused on private credit investments in middle market companies. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has invested $2.4 billion in 140 transactions. For more information about Maranon Capital please visit www.maranoncapital.com.

About Green Plains

Green Plains Inc. (NASDAQ: GPRE) is a diversified commodity-processing business with operations related to ethanol, distillers grains and corn oil production; grain handling and storage; a cattle feedlot; and commodity marketing and distribution services. The company is the second largest consolidated owner of ethanol production facilities in the world, with 17 dry mill plants, producing nearly 1.5 billion gallons of ethanol at full capacity. Green Plains, through its wholly owned subsidiary Fleischmann’s Vinegar Company, provides specialized ingredient solutions that help forge strong, long-term relationships with leading food manufacturers. Green Plains owns a 62.5% limited partner interest and a 2.0% general partner interest in Green Plains Partners LP (NASDAQ: GPP), a fee-based Delaware limited partnership that provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses. For additional information, please visit www.gpreinc.com.

Contacts:

Maranon
Greg Long
Managing Director
312.646.1204
GML@MaranonCapital.com
or
Rich Jander
Managing Director
312.646.1216
RTJ@MaranonCapital.com
or
Rommel Garcia
Principal
312.646.1211
RPG@MaranonCapital.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.