Tully & Holland Advises Astral Foods in the Sale of Its Catalogs MacKenzie Ltd and Chesapeake Bay Crab Cakes and More

August 28, 2009 - During this period of considerable economic turmoil, Tully & Holland is pleased to announce another successful sell-side M&A assignment. The firm represented Astral Foods, Inc., a subsidiary of Astral Brands, in its sale of MacKenzie Limited and Chesapeake Bay Crab Cakes & More catalogs to Chesapeake Fine Food Group, LLC.  
Astral Brands is a private equity owned multi-channel marketer of a portfolio of luxury brands. These specialty food catalogs were assets owned by Astral Brands's food subsidiary, originally sold to its private equity sponsor by Tully & Holland in 2003. This transaction is an illustration of the firm's ability to consummate transactions under difficult economic circumstances, its deep knowledge of the consumer sectors it serves, and the resultant repeat business that the firm enjoys. 

As investment bankers focused upon the consumer products sector such as multi-channel marketers, distributors and importers, and food and beverage companies, we would be delighted to hear about situations where our M&A advisory and corporate finance specialists could be helpful. For further information contact Tim Tully at 781-239-2900 (ext. 14) or ttully@tullyandholland.com or Stuart Rose at 781-239-2900 (ext. 17) or srose@tullyandholland.com.