ACC Facilitates $3M Investment in Chenango Valley Pet Foods
ALLEGIANCE CAPITAL FACILITATES $3.0 MILLION INVESTMENT IN CHENANGO VALLEY PET FOODS INC. BY BHC INTERIM FUNDING III, L.P.
Dallas – November 4, 2010 – Allegiance Capital announced today that BHC Interim Funding III, L.P. has completed a $3.0 million investment in Chenango Valley Pet Foods, Inc., an Allegiance Capital client. The proceeds will be used to support increased business from both new and existing customers and to generate savings through improved procurement of materials.
Chenango Valley Pet Foods, Inc. is one of the leading contract manufacturers of premium, holistic natural and organic pet foods in the United States. It was incorporated in 1981 and is headquartered in Sherburne, NY. A pioneer in the organic pet food space, Chenango owns the first organic-certified plant in the U.S. and is the only USDA organic certified pet food producer on the east coast. Chenango manufactures dry dog and cat foods for a number of the most respected super-premium branded customers in the industry. The company is also a supplier of private label brands to its retail customers.
About Allegiance Capital
Allegiance Capital Corporation is a full-service investment banking firm specializing in the middle market (companies with revenue from $20 million to $500 million). Allegiance Capital assists companies in every aspect of selling and financing a business, including debt restructuring, mezzanine financing, executing leveraged buyouts, strategic partnering, consulting and other related services. For more information, refer to the company website, www.allcapcorp.com, and its Facebook page. Subscribe to the Capital Ideas blog by visiting: http://allcapcorp.com/blog/ .
Allegiance Capital Corporation