Transaction Description
- Hennepin Partners represented CoreFX Ingredients LLC, a subsidiary of Ornua Co-operative Limited.
- CoreFX was recapitalized by P.O.D. Solutions Corporation.
- CoreFX creates, manufactures and supplies innovative, dry nutritional ingredients that are used in a variety of applications across the food & beverage, nutrition and health & wellness end markets.
- Ornua, an Irish dairy co-operative and Ireland’s largest exporter of Irish dairy products, decided to sell the majority stake as the ingredients business was identified as non-core within the group’s five-year strategic plan.
- The Company is headquartered in Evanston, Illinois with manufacturing facilities in Orangeville, Illinois and Big Bend, Wisconsin.
Drivers of Interest
- Broad portfolio of clean-label ingredient solutions that enhance the nutritional value, taste and functionality of end products.
- Proprietary delivery systems convert natural, macro and micro nutrients into stable, convenient powders.
- Successful track-record of innovation combining technology, science and creativity.
- Customer-centric service model with critical food science and engineering support to create customized formulations.
- Highly diversified customer base including CPG brands and contract manufacturers.
- Strong customer satisfaction and retention.
- Specialized spray-drying manufacturing process know-how.
- Attractive and growing end markets.
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