Hawthorne-based Idan Foods has been acquired by Woodland Foods of Waukegan, Illinois, a portfolio company of Graham Partners. The move expands Woodland’s customer base, end-market diversification and manufacturing scale and footprint, according to an announcement from the DAK Group, which served as the exclusive investment banker and financial adviser to Idan.
“The owners and management of Idan Foods have monetized an exceptional family business founded in 1978. Joining forces with Woodland Foods will propel their growth plan and provide additional product and service opportunities for customers” said Milton Kahn, managing director of the DAK Group, who led the transaction along with Marvin Ma, senior associate.
With Idan, a provider of breadings and batters, coating systems, baking mixes and seasoning, in the fold, Woodland said it believes there are ample opportunities to pair Idan’s breading capabilities with its own culinary team and flavor profile development capabilities to drive innovation and bring more products to market.
“We are very excited for the opportunity to join the Woodland team. With a greater product selection, an enhanced research lab and larger sales team, we can bring greater satisfaction to our customers, as well as attract new ones,” Giorgio Nadi, president of Idan Foods, stated.
