Investeco Private Equity Fund, LP, sells its position in Canada's Leading
Organic Dairy Company
TORONTO, Oct. 15 /CNW/ - Investeco Capital Corp. (ICC), a leader in
environmental investing, today announced that it has reached an agreement to
sell its interest in Organic Meadow back to the dairy co-operative that
created the company.
Organic Meadow, Canada's leading organic dairy company, is owned by a
co-op of entrepreneurial Ontario organic dairy farmers. Investeco partnered
with Organic Meadow in 2004, providing important expansion capital to help
grow the business to the strong position it is in today.
"This is a great deal for our farmers. It shows the excellent shape of
our business. Investeco has been an extremely valuable partner and has
contributed much to the growth of our company over the last four years. We
have thoroughly enjoyed working with them", stated Organic Meadow's Chairman,
Ted Zettel. "We are now in a position to expand our Organic Meadow brand to
new markets across Canada independent of external equity financing."
"This has been an ideal investment for us from start to exit. Investeco
identified the significant growth opportunity in the organic dairy market and
partnered with the leading company run by an extremely talented team of
managers", stated Andrew Heintzman, President, ICC. "This investment will
provide an exceptional internal rate of return (IRR) to our investors, with
nearly half of the capital from our first fund returned from this one
investment. They can also feel proud that we helped put Organic Meadow on a
solid footing for continued success", he continued.
Michael Curry, a managing partner at Investeco, will remain on the
Organic Meadow board. "Canadian families will continue to demand food that is
grown locally in a sustainable way and Investeco is pleased to continue
helping Organic Meadow", said Michael, "it is a great brand, with an exciting
About Investeco Capital Corp.
ICC is Canada's first investment company to be exclusively focused on
environmental sectors such as renewable energy, sustainable agriculture,
water, and clean technologies.
About Organic Meadow
Organic Meadow is the oldest, and the largest, organic dairy brand in
Canada. Its roots stretch back to 1989 when a group of dairy farms joined
together to form OntarBio (now Organic Meadow Co-operative), Canada's largest
dairy cooperative. In 1995, they developed the Organic Meadow brand to
distribute and market their products. Today, Organic Meadow is a separate,
for-profit company and produces over 50 different certified organic products
including milk, yogurt, cream cheese and ice cream. Organic Meadow has a
commanding 75% market share in Ontario and is the leading organic dairy brand
in eastern Canada.
For further information:
For further information: Andrew Heintzman, President, Investeco Capital
Corp., (416) 304-1750, ext. 398, firstname.lastname@example.org, www.investeco.com;
Steve Cavell, CEO, Organic Meadow, (519) 767-9694 ext.435,
email@example.com, www.organicmeadow.com; Ted Zettel, Chairman, Organic
Meadow, (519) 767-9694 ext. 424, firstname.lastname@example.org,