Southampton, PA (July 2009) – Benjamin Ross Group www.BenjaminRossGroup.com , a mergers and acquisitions firm, recently sold Otto Foods, a Poughkeepsie New York based food distribution company.
Otto foods, which was first established in 1948, is a master distributor of Wise, Cape Cod and Keebler products throughout New York State. The northern division of Otto Foods will be operated by Michaud Distributors based out of Saco, Maine and the southern division of Otto Foods will be operated by Melisi Foods based out of Orange, Connecticut. Both companies are owned by Snyder’s of Hanover. www.snydersofhanover.com
Benjamin Ross Group (www.BenjaminRossGroup.com) engaged as business brokers, initiated the transaction, acted as financial advisor and negotiated the sale. Terms of the transaction were not disclosed.
About Benjamin Ross Group: With offices in Southampton (Bucks County), Pa., Radnor (Delaware County), Pa. and Princeton, NJ, the Benjamin Ross Group is the most experienced, professional and exclusive business sales, mergers and acquisitions firm in the Mid-Atlantic Region. The company represents well-managed businesses, regardless of their size. It provides a full range of services relating to buying, selling or merging businesses; business financing and valuation; and exit planning. For more information, go to: www.BenjaminRossGroup.com