TKO Miller Advises Lake Country Foods with its Divestiture of Certain Operating Assets

TKO Miller, LLC, a leading middle market investment bank, today announced the sale of Lake Country Foods, Inc.’s blending and packaging business to Tipton Mills Foods, LLC.

With roots tracing back to 1919, Lake Country Foods, Inc. is a contract manufacturer that provides blending, agglomeration and specialty packaging of powders for the food and beverage industry.

TKO Miller facilitated the sale of certain assets to Tipton Mills Foods, a leading ingredient provider to the food and beverage industry.  Tammie Miller, Managing Director at TKO Miller said, “The sale of Lake Country Foods required an investment banking  process where we rolled up our sleeves and found exactly the right buyer.  This sale focused on a buyer with the right capabilities, synergies, and industry growth opportunities.”

Located in Columbus, Indiana, Tipton Mills Foods is a portfolio company of Compass Group Equity Partners and is dedicated to the production of food and beverage products for national and private brands. Using modern technology, Tipton creates custom agglomerations and blends of food and beverage powders, including coffees, cocoas, nutritional supplements, fibers, protein syrups and other specialties.  Tipton’s customers include some of the most recognized brands in the food beverage industry.

“Lake Country Food’s customers and products fit very well with Tipton’s business strategy. This acquisition allows us to expand our production capabilities and expedite the growth in some of our key markets,” said David Harding, CEO of Tipton Mills Foods.

This completed transaction adds to TKO Miller’s experience in the food and beverage industry.