Articles from Harry Davis & Company

Harry Davis & Company (HDC), a third-generation advisory firm specializing in the food and beverage industry, together with its partner Maynards Industries, announced today the successful sale of Manna Beverages’ West Sacramento, California production facility to Redwood Beverage Group, LLC. The transaction closed this Wednesday; financial terms were not disclosed.

Harry Davis & Company (HDC) announced today the completion of its brokered transaction between Maola Local Dairies and HP Hood for the sale of HP Hood’s extended shelf-life UHT dairy processing factory located in Philadelphia, PA. The acquisition will keep more than 160 local union jobs in Pennsylvania, where 80% of Maola’s family-owned farms are located. The Philadelphia facility produces coffee cream, half & half and other extended shelf life dairy products. Maola is a subsidiary of Maryland & Virginia Milk Cooperative Association, Inc.

One year ago, Alpenrose announced the acquisition of Larsen’s Creamery, which will serve as the future production site for the Alpenrose dairy business, as well as allow the iconic century-old company to expand into the butter category. The move will take place in January of 2024 and includes installation of new equipment for enhanced efficiency as production of its staples including milk, butter, and sour cream will be manufactured under one roof.

Harry Davis & Company is thrilled to announce that Joseph Joyce, Chief Financial Officer, was awarded the prestigious Rising Star Award by the American Society of Appraisers (ASA). The award honors the accomplishments, leadership, community efforts, and milestones that young professionals have demonstrated in the appraisal profession.

Harry Davis & Company CEO Lenny Davis announced today the addition of Rick Rice to the food and beverage market makers team. Rice assumes the role of Director of Business Operations, bringing 42 years of food, beverage, and dairy equipment manufacturing and integration to the third-generation family business. In this new position, Rice will travel the country to visit facilities and identify possible asset solutions for clients.