Fearmans Pork, which has been backed by Sun Capital since November 2010, supplies pork to retailers, food service providers and other meat processing companies. The company will join Sofina Foods' family of private-label brands, which includes Vienna, Fletcher's and Cuddy. The exit will be Sun Capital's sixth of the year thus far.
Since the beginning of 2008, PE investors have successfully exited 91 U.S. and Canadian companies in the Consumer Non-Durables industry, according to the PitchBook Platform. The Food Products sector has squelched the majority of liquidity hunger pangs, accounting for nearly 65% of the total activity (or 61 exits). 2010 was the year of plenty for investors looking to make an exit, with a whopping total of 35 completed. 2012 has started sluggishly with four completed Consumer Non-Durables exits and three more announced but still in progress. However, there's enough time left in the year for activity to start going hog wild.
*2012 to date
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