HATFIELD, PA – October 30, 2015 – The Clemens Family Corporation (“CFC”) and its primary division Clemens Food Group, LLC (“CFG”) closed on secured credit facilities with a syndicate of lenders led by Rabobank Nederland and Farm Credit Services of America. CFC plans to use the proceeds to refinance existing debt and to finance the construction of an approximately 550,000 square-foot pork processing facility in Coldwater Township, Michigan by CFG.
Fairmount Partners acted as financial advisor to The Clemens Family Corporation and Clemens Food Group, LLC in the arrangement of these senior secured credit facilities.
About The Clemens Family Corporation and Clemens Food Group, LLC
The Clemens Family Corporation is a sixth-generation, family-owned company operated as a business family. CFC, through its subsidiaries, engages in hog and pork product production, transportation, logistics and real estate development businesses.
Clemens Food Group, LLC, formerly known as Hatfield Quality Meats, LLC, is a vertically integrated pork production operation. CFG is a leading manufacturer and supplier of fresh and processed quality pork products such as hams, bacon, sausage, hot dogs and deli meats.
About Fairmount Partners
Fairmount Partners is one of the largest independent investment banking firms in the Mid-Atlantic region. The firm specializes in advising middle-market growth companies with mergers and acquisitions, capital raising, and strategic advice. Key clients operate across the Industrial and Consumer Products, Healthcare Services and Technology, Information Technology Services and Technology and Software end markets.
Principals of Fairmount Partners acted as advisors to Clemens in this transaction.