Tully & Holland, Inc. of Wellesley Hills, MA advised The Whipple Company in its sale to Allied Old English, Inc., manufacturer of branded and private label bottled food products including Sorrell Ridge premium spreadable fruit, and the AH-SO® chinese style sauces, based in Port Reading, NJ. Since 1899, The Whipple Company has been known for its quality mincemeat filling sold under the Grandmother's® trademark. Today, The Whipple Company manufactures over 200 other quality food products including, pie and bakery fillings, and specialty food products, specifically, preserves, jellies, toppings, syrups, and relishes sold to both retail and institutional customers.

Timothy W. Tully, President of Tully & Holland, Inc., a firm specializing in M&A advisory, capital raising, and other corporate finance services for consumer product manufacturers and distributors, says that the sale of The Whipple Company to Allied Old English, Inc. enables Allied Old English to broaden its product offerings, yet still remain dedicated to producing foods of exceptional quality and home-style taste. "The similarities of markets served, products made and methods of distribution inherent in this transaction represent a good long term, strategic fit for both companies."

Tully & Holland, Inc., an investment bank established in 1992, provides sophisticated corporate finance advisory services to consumer product companies with special emphasis on food companies; direct mail marketers and catalogers; toy, gift and collectible companies; consumer product manufacturers/distributors and retailers. Member NASD, SIPC, Direct Marketing Association, National Retail Federation, Association for Corporate Growth and Massachusetts Food Association.