SensoryEffects®, a Portfolio Company of Highlander Partners, Acquires Anderson Custom Processing’s Sleepy Eye, MN Manufacturing Site
DEFIANCE, OH – March 14, 2014 – SensoryEffects, a portfolio company of the Dallas-based private investment firm Highlander Partners, L.P., announces that it has acquired the Sleepy Eye, MN manufacturing facility of Anderson Custom Processing. Included in the acquisition are Anderson Custom Processing’s two spray dryers and other dry blending equipment and technology. SensoryEffects will maintain the existing employee base of the Sleepy Eye site.
Charles A. Nicolais, President and CEO of SensoryEffects said, “We are looking forward to adding another spray drying facility to our business which will not only support the continued growth of our company, but will further enhance our processing capabilities for customers. The Sleepy Eye site has a long and successful track record of satisfying broad processing requirements with outstanding customer service. We intend to continue and build upon these strengths and we welcome the great workforce in Sleepy Eye to our company. Our spray drying capabilities will now include eight spray dryers that span across five production sites: Defiance, OH; Bridgeton, MO; Reading, PA; Marshfield, WI and now Sleepy Eye, MN.”
Alex Guiva, Partner of Highlander and Board Member of SensoryEffects, added, “The addition of the Sleepy Eye manufacturing site is consistent with our business model and provides the company with additional capacity to facilitate SensoryEffects’ organic growth plans. This is SensoryEffects’ thirteenth acquisition since the company’s inception, and we continue evaluating other potential acquisitions.”
About Highlander Partners
Highlander Partners, L.P. is a Dallas-based private investment firm with partners that have committed over $500 million of principal funds for direct private equity investments in North America and Central Europe. The firm focuses on making investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience, including basic manufacturing, food, building materials and others. Highlander Partners uses a “buy and build” investment approach, creating value by helping companies grow organically and through acquisitions.
For more information about Highlander Partners, please visit www.highlander-partners.com.
SensoryEffects is a supplier of customized food and beverage ingredients and products with three business units: SensoryEffects Powder Systems in Defiance, OH, Reading, PA, Marshfield, WI and Sleepy Eye, MN, SensoryEffects Flavor Systems in Bridgeton, MO, and SensoryEffects Cereal Systems in Lincoln, NE. Please visit www.sensoryeffects.com for more information.