Astro Foods Company, Inc. acquired by Parmalat Bakery and Dairy, Inc.

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Transactions

Astro Foods Company, Inc. has been acquired by Parmalat Bakery and Dairy, Inc.

Kerlin established the valuation parameters for the acquisition, assisted in the negotiations between Astro and Parmalat, developed a long-term incentive plan for continuing management and helped close this $52 million sale. Kerlin also played a role in resolving certain issues between the Astro Foods’ shareholder group and the mezzanine investor.