Schreiber Foods, Inc. has sold its subsidiary, Arden International Kitchens, to an entity controlled by the Paulucci Family

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Schreiber Foods, Inc. has sold its subsidiary, Arden International Kitchens, to an entity controlled by the Paulucci Family

Kerlin was the advisor to Schreiber Foods in its sale of Arden International Kitchens to the Paulucci family. Schreiber Foods, Inc., which is a major processed cheese producer, desired to sell its wholly owned subsidiary, Arden Foods, as part of its strategic plan. Arden Foods produced private label lasagna, Stromboli and other frozen products. Kerlin evaluated the operations, developed a detailed offering memorandum and identified and approached over 30 prospective buyers. From this larger group, Kerlin identified a handful of superior prospects, organized plant tours and identified the Paulucci family as the optimal buyer. Kerlin also assisted Schreiber and its legal counsel in the final negotiations and closing.