Country Pure Foods pending sale to Sapporo/Toyota joint venture

Country Pure Foods Inc, headquartered in Akron, Ohio, US and a portfolio company of Mistral Equity Partners, has reached an agreement to sell the parent company of Country Pure to a joint venture of Sapporo International Inc and Toyota Tsusho America.

The joint venture will acquire the parent company, and therefore Country Pure, through Silver Springs Citrus Inc, its existing US Subsidiary via merger. Silver Springs is also in the fruit beverage manufacturing sector.

Country Pure is one of the nation’s largest independent juice packaging companies. It currently offers over 350 products, across 24 packaging types and 38 distinct flavours. The company’s diverse product offering is supported by four flexible and efficient manufacturing facilities, located in Ohio, Florida, Connecticut and Texas.

Through the combination of Country Pure Foods with Silver Springs Citrus and the combined resources of the joint venture, Sapporo International and TAI will be able to accelerate their growth strategy in North America. In addition, an agreement has been reached with Raymond Lee to remain with Country Pure Foods as president and CEO.