LONDON – MBH Corp, a London-based investment firm, recently announced it acquired Louisville, Colo.-based Boulder Sausage.
According to the release, MBH purchased the sausage and bacon producer for $2.94 million to $3.65 million. The final price will be settled in a listed bond with 5-year maturity with principal payable at maturity and 5% coupon rate per payable semiannually. MBH said that Boulder had $4.8 million in sales in 2020.
The investment company said this was its third US acquisition in six months. With the purchase of Boulder Sausage, it now has 24 portfolio companies and made 12 acquisitions in 2020.
“Boulder Sausage is the latest example of our agglomeration policy of acquiring long established and successful businesses with exceptional leadership and ambition for further growth,” said Callum Laing, CEO of MBH. “What Jim Burton and the team have created and fostered with Boulder Sausage, for over half a century, is remarkable and we're looking forward to helping them grow and continue their successful journey as part of our group. We are very excited about the opportunities in this new food & beverage vertical.”
Boulder Sausage has operated out of the Boulder, Colo., area for more than 50 years. With the new deal, it plans to grow its e-commerce platform to deliver its product beyond retail locations. The new owner also plans to diversify its product offerings and customer base.
“My team and I are hugely excited about the scale of the opportunity joining the MBH family represents,” said Jim Burton, chief executive officer and chief financial officer for Boulder Sausage. “We are ambitious for future growth and being with MBH opens up the possibility of smoother expansion into markets beyond the US alongside acquisitive growth. With the additional prospect of new trade deals being brokered by our new administration, this is a timely moment to be joining a collaborative and varied Group like MBH.”