William Blair & Company LLC

04/19/2024 | Press release | Distributed by Public on 04/19/2024 14:14

Nothum Food Processing Systems Has Been Acquired by Fortifi Food Processing Solutions

William Blair acted as the exclusive financial advisor to Nothum Food Processing Solutions (Nothum) in connection with its sale to Fortifi Food Processing Solutions (Fortifi), a KKR portfolio company. The transaction closed on April 16, 2024.

About the Companies

Based in Springfield, Missouri, Nothum is a leading designer, developer, and manufacturer of highly innovative further production equipment for the poultry, seafood, appetizers and veggie, red meat, and alternative protein end markets. Its solution offering, which includes predusters, breaders, batter and tempura systems, fryers, and related parts and services, optimizes yield, safety, and efficiency, while improving quality and reducing waste and labor cost. The company has been founder-owned since its inception in 1971.

Based in The Woodlands, Texas and operating worldwide, Fortifi is a leading platform of automated food processing equipment and automation solutions. The company serves customers worldwide through its global manufacturing and service footprint, and drives improvements in yield, productivity, food quality, and worker safety for many of the world's largest food producers. Fortifi's portfolio includes Bettcher Industries, a manufacturer of protein processing tools, machinery, and associated aftermarket parts; Frontmatec, a full-line supplier of automated red meat processing equipment; MHM Automation, a New Zealand-based provider of automated processing and material handling solutions; and Reich Thermoprozesstechnik GmbH, a Germany-based supplier of thermoprocessing systems.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The firm aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.

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