Columbia Phytotechnology (dba PowderPure)
Strategically synergistic buyer pays the right price
Orca Capital guided PowderPure through their acquisition by International Flavors & Fragrances, Inc. (NYSE: IFF). PowderPure’s patented technology produces some of the best quality fruit and vegetable powders in the world, using specific wavelengths of near visible light that target only the water molecules, leaving the nutrients, aroma and flavor intact. The Dalles, OR based PowderPure™ was experiencing incredible growth that challenged their manufacturing capacity. IFF sought revolutionary technology and rapid growth. It was a great fit.
Painting the Picture, Staying the Course
Orca helped the fast-expanding client present themselves as the advanced food technology entity that they were in a market that was exploding. Orca’s thoroughly researched, succinctly crafted Information Memorandum told the story. Careful negotiation by Orca’s seasoned team was vital. When other suitors failed to see the value, Orca persevered, finding the right match.
The final deal was a win-win for all sides. IFF management cited IFF’s potential to “leverage their… technologies to create minimally processed products from natural ingredients. PowderPure will be a great addition to the IFF family.” PowderPure was a fitting platform to leverage IFF’s global footprint.