Birds Eye Foods, Inc. Vincent Amanor-Boadu, Michael Boland, David Barton, Bruce Anderson, and Brian Henehan Arthur Capper co-op come to Case Study consequent No. 03-06 Vincent Amanor-Boadu is director of business development and visiting unity professor of farming(a) economics at Kansas show University. Michael Boland is an feller professor of agricultural economics and lad director of the Arthur Capper Cooperative Center at Kansas State University. David Barton is a professor of agricultural economics and director of the Arthur Capper Cooperative Center at Kansas State University. Bruce Anderson is an associate professor of applied economics and managerial economics at Cornell University. Brian Henehan is a senior extension associate at Cornell University. stir author: Vincent Amanor-Boadu (785-532-3520; Vincent@agecon.ksu.edu) Birds Eye Foods, Inc. Birds Eye Foods, Inc., formerly cognise as Agrilink Foods Inc., had been a wholly-owned subsidiary of Pro-Fac C ooperative Inc., the Rochester, New York-based, 500-member agriculturist accommodative until June 2002 when Vestar Capital Partners acquired a majority position and modify Pro-Fac into a minority shareholder.
The acquisition infused cash into the largest frozen veg processor in the United States, causing its Chairman, President and headsman Executive policeman of Birds Eye, Dennis M. Mullen, to note that the company has the opportunity to fortify its matched position.1 He also noted that With the new faithfulness capital and materially lower debt, we are well positioned for important future growth. This exe rtion is good for Agrilink and good for Pro-! Fac, which will go forward to be our main supplier of raw product.2 The ace rationale for the Vestar investment was . . . deleveraging our balance sheet with these investment harvest-festival will confirm the companys position in the highly competitive food industry.3 The rationale was to chafe resources to become a national...If you want to get a lavish essay, order it on our website: OrderCustomPaper.com
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