Fredericks Michael & Co. acted as the exclusive financial advisor to Bolton Group, an Italy-based consumer packaged goods company, on the acquisition of Wild Planet Foods, the innovation leader and pioneer in the natural and sustainably caught canned seafood market in the United States.
The Wild Planet acquisition marks another strategic step towards Bolton’s international development goals and will allow the company to grow its presence in the United States tuna market, which is the largest in the world.
Wild Planet has been repeatedly recognized by the most reputable third-party sustainability organizations as the true leader in setting the standard for sustainability across the canned seafood category. With national distribution in the United States, Wild Planet’s expertise is leveraged by some of the nation’s most influential grocers to set corporate environmental standards. Bolton and Wild Planet will continue to work together on a path toward a best-in-class sustainable supply chain, a path that both companies have long embraced.
Fredericks Michael & Co. initiated this transaction and acted as exclusive financial advisor to Bolton on a multi-step engagement process which included establishing a relationship with Wild Planet, coordinating due diligence process, transaction structuring, and assistance in the negotiations through closing of the transaction.
About Bolton Group
Bolton Group is an Italian family-owned multinational that has been producing and distributing a wide range of innovative, sustainable, high-quality fast-moving consumer goods for over 70 years. The Group’s portfolio – which features some of the biggest brands in the Food, Home care, Adhesives, Personal care and Cosmetics sectors – includes over 50 successful brands that enter in the homes of 100 million families in more than 150 countries all over the world, every day. With products sold in retail chains, health and beauty stores, pharmacies and specialist stores, Bolton Group has revenue of almost EUR 2.8 billion. The Group relies on the contribution of 11,000 employees in 59 offices, 16 production facilities, 7 Research & Development labs and 17 fishing boats around the world, allowing it to deliver quality products through sustainable processes with low environmental impacts. For more information, visit www.boltongroup.net
About Wild Planet
Seafood industry veteran Bill Carvalho founded Wild Planet Foods in 2004 to realize his vision of a superior line of seafood products sourced according to the highest environmental standards while providing excellent flavor and unsurpassed nutrition. Based in McKinleyville, California, Wild Planet is the first large-scale sustainably focused canned seafood company in the United States. As an industry pioneer, the company supports selective harvest through the use of sustainable fishing methods, which helps preserve and protect the delicate marine ecosystem. Wild Planet’s product range includes tuna, sardines, salmon, mackerel, yellowtail, anchovies, chicken and beef. The company proudly supports the livelihood of coastal communities around the globe by partnering with small-scale fishermen and canneries with unparalleled seafood expertise. For more information, visit www.wildplanetfoods.com