This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Harris Williams & Co. Advises GreenLine Foods In Its Sale To Strategic Buyer Apio, Inc.

Stocks in this article: PNC

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of GreenLine Foods, Inc. (GreenLine), the largest provider of fresh-trimmed packaged green beans in North America, to strategic buyer Apio, Inc. (Apio). Apio is a wholly owned subsidiary of Landec Corporation (Landec; Nasdaq:LNDC). GreenLine was a portfolio company of The Riverside Company (Riverside). Harris Williams & Co. acted as the exclusive advisor to GreenLine. The transaction closed on April 23, 2012 and was led by Glenn Gurtcheff, Tim Alexander, Jeff Cleveland and Brant Cash in the firm’s Consumer Group.

“GreenLine maintains the #1 position in a fast growing value-added vegetable category and has established a widely recognizable consumer brand. The company occupies a unique position as the only year-round, nationwide processor of value-added green beans and the only processor with its own refrigerated distribution network. These strengths made GreenLine a strategic asset that is highly complementary to Apio’s existing product set and capabilities,” said Glenn Gurtcheff, a managing director and head of Harris Williams & Co.’s Consumer Group.

“The health conscious consumer is alive and well. GreenLine’s steady growth over the past 25 years has been driven by demand for the freshness and improved taste and texture that the company’s products offer. In addition, GreenLine’s packaging innovations capitalize on consumer need for more easy-to-prepare and healthy food alternatives,” added Tim Alexander, a managing director at Harris Williams & Co.

Founded in 1985, GreenLine is North America’s largest and only nationwide provider of fresh-trimmed, washed and packaged green beans. With innovative processing and packaging capabilities, GreenLine was the creator of the value-added green bean market and has continued to expand its product offering to include wax beans, bean blends, sugar snap peas, French green beans, hydroponic lettuce, and other value added vegetable products. When GreenLine beans reach customers’ kitchens, they're trimmed and ready to cook, ensuring quick preparation, consistent quality and easy storage that outlasts traditional bulk product. The company operates manufacturing and/or distribution centers in Bowling Green, OH; Vero Beach, FL; Pico Rivera, CA; Chester, NY; Rock Hill, South CA; and Hanover, PA.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,416.85 +225.48 1.31%
S&P 500 2,021.25 +19.09 0.95%
NASDAQ 4,683.4070 +45.4130 0.98%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs