FOR IMMEDIATE RELEASE
April 15, 2014
Old Dominion Spice, Inc. Has Been Acquired By Carolina Ingredients
Richmond, VA –Transact Capital Partners is pleased to announce the sale of of Old Dominion Spice by Carolina Ingredients. Transact Capital served as the exclusive financial advisor to Old Dominion Spice.
Old Dominion Spice has more than 30 years’ experience in custom spice and ingredient blending. Known for their customer service, quality products, and diverse product line Old Dominion Spice has built a well-known reputation and loyal customer following since 1983.
Doug Meyer-Cuno, President of Carolina Ingredients states, “Old Dominion Spice is a family run company with an expansive portfolio of products. Their core culture value system is similar to Carolina Ingredients and we believe the acquisition is a great fit for all.” He added “Carolina Ingredients welcomes Old Dominion Spice customers and is committed to delivering the value you have come to expect over the years.”
Lindy Thackson, President of Old Dominion Spice Company, realized that the acquisition had to make sense for all parties, and expressed her appreciation to George Sydnor and the Transact team: “The finish line is in sight. I can’t thank you, Elie and Steve enough for the work you provided our family in selling Old Dominion Spice. I will follow up more on this later, but just wanted to recognize our deep appreciation for all that has been done.”
George Sydnor, Vice President-Roanoke Region of Transact Capital Partners brokered the deal for Transact Capital Partners. George has over 15 years of mergers & acquisitions advisory experience and over 35 closed transactions. George has an extensive knowledge of the manufacturing, mining and distribution industries.
Transact Capital Partners is a full-service business brokerage, mergers and acquisitions advisory firm headquartered in Richmond, VA with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies in the lower middle market with enterprise values up to $50 million. With extensive experience in owning, running, or investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. Security transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about Transact Capital, please call Steve Zacharias at 804-323-6868 ext. 102 or send an e-mail to Steve at Steve@TransactCapital.com
Transact Capital Partners
7400 Beaufont Springs Dr.
Richmond, VA 23225