Tricor Founders acquires Armand Agra
Tricor Founders made its investment in Armand Agra through Purewater Foods, a Tricor Founders company that includes Presteve Foods (a leading harvester processor, distributor of freshwater fish on the Great Lakes), as well as future investments in other specialty protein businesses, according to the company's press release.
“We’re very excited to partner with the Flocchini family who has built a dynamic meat and seafood company with a truly unique, vertically integrated, specialty meats business. We plan to support the Company’s continued growth, building on its leading regional presence and growing national programs, as well as seeking additional acquisitions,” stated Derek Senft, Managing Director of Tricor Founders who led the transaction.
“This is a significant milestone for our business and our family. Tricor Founders’ ability to thoroughly grasp what we do right from the outset and their excitement to build upon all of the areas of the business that we participate in, really set this team apart. In addition, their long-term investment horizon along with their food industry experience, made their team an irresistible fit.” said Chris Flocchini, President and CEO of Sierra Meat.
Sierra, headquartered in Reno, is a processor and distributor of private label and branded meat and seafood products, including a wide variety of specialty meats (ex. bison, wagyu, venison, elk, wild boar, etc.), which it markets under the ‘Sierra’ and ‘Durham Ranch’ brands.
While Nevada, FFP, headquartered in Carson City, is a manufacturer of specialty gourmet sausages and deli meats.
Before being purchased, Armand Agra acquired Durham Ranches, a 55,000-acre livestock ranching and procurement business, which the Flocchini family will continue to own through a related, separate company.
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