Brown Gibbons Lang & Co. (BGL) announced the sale of Crest Foods, a provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing, to Harwood Private Equity (Harwood), an investor in lower middle market companies. BGL's Food & Beverage, Debt Capital Markets and Real Estate served as the exclusive financial advisor to Harwood. The specific terms of the transaction were not disclosed.
Founded in 1946, Crest Foods provides food manufacturing, packaging and product development services to branded and private label customers. The company operates three business lines: