Renovo Capital Acquires Substantially All Assets of Midstate Mills
Date Posted: March 1, 2013
Renovo Capital, LLC, through its Renwood Opportunities Fund, has acquired substantially all the assets of Midstate Mills, Inc. Renwood Opportunities Fund provided capital to reduce debt, increase working capital and fund growth as it expands existing product lines and pursues new business partners.
Midstate Mills, based on Newton, NC, is a regional flour miller and has been family owned and operated since 1935.
The company sells flour and other baking products in the Southeastern United States for use in food service, food production and in retail channels under the Southern Biscuit® and Tenda-Bake® brands.
Renwood Opportunities Fund is managed by Renovo Capital and Rosewood Private Investments.
Renovo Capital is a private equity firm whose primary focus is on operating turnarounds, bankruptcy reorganizations, debt purchases and out-of-court restructurings for companies in manufacturing, distribution and business services.
Rosewood Private Investments is the private equity arm of The Rosewood Corporation, a prominent family-owned company with diverse, worldwide operations and investments.
For Additional Information, Contact: Mark Barbeau, Manager Renovo Capital: Mark.Barbeau@renovocap.com