 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Praesidian Capital Investors Funds Acquisition Of Bruce Seed Farm
New York NY (SPX) Nov 12, 2008 Praesidian Capital Investors has invested approximately $5 million of subordinated debt to support the acquisition of Bruce Seed Farm by Marwit Capital Partners as part of its land reclamation, native seed, and erosion control industry consolidation strategy. Including the initial acquisition of Granite Seed Company, Praesidian's total investment in this platform is approximately $15 million of subordinated debt. Bruce Seed Farm, headquartered in Townsend, MT, produces, processes and distributes native seed throughout the Northwest, Intermountain and Midwest regions of the U.S. The Company sources product through proprietary farming activities and a large, diverse grower network. Don Bermant, chief executive officer of Granite Seed, will remain in his current position. Bruce Seed's CEO, Arden Bruce, will continue to lead Bruce Seed and remains a significant shareholder. "These two companies give Marwit an added edge in native seed supply, strengthens its geographical reach and solidifies its position as the leader in the native seed, erosion control and land reclamation sector," said Jason Drattell, Managing Partner at Praesidian. "We are very confident in the companies' future and are excited about our continued partnership with Marwit and management." "Arden Bruce has been a pioneer in the conservation seed industry for nearly two decades, and the two companies are extremely complementary to one another," said Don Bermant, Chief Executive Officer of Granite Seed. "With the support of Marwit and Praesidian, our strategy for growth both organically and through additional acquisitions is poised for even greater success." "This marks the third Marwit acquisition that has been supported by Praesidian in 2008," said Matthew Witte, Managing Partner at Marwit Capital Partners. "We look forward to our continued partnership as we work closely with management to build these companies and consolidate this niche sector." Related Links Praesidian Capital Investors Granite Seed Company Farming Today - Suppliers and Technology
Melamine-tainted milk products found in Vietnam
Hanoi (AFP) Oct 3, 2008Vietnam's food safety watchdog said Friday it had found the industrial chemical melamine in 18 milk and dairy products imported from China as well as Thailand, Malaysia and Indonesia. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright Space.TV Corporation. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space.TV Corp on any Web page published or hosted by Space.TV Corp. Privacy Statement |
