CHICAGO, April 23, 2015 /PRNewswire/ -- Lincoln International ("Lincoln"), a leading global mid-market investment bank, is pleased to announce that Flatout Holdings, Inc. ("Flatout" or the "Company"), a portfolio company of North Castle Partners, has been sold to T. Marzetti Company, a wholly-owned subsidiary of Lancaster Colony Corporation.
Flatout is a high-growth provider of premium-branded, better-for-you flatbread products to retail and wholesale customers. Founded in Saline, Michigan in 1999, the Company utilizes wholesome ingredients and a streamlined manufacturing process to produce trend-right, differentiated flatbread products.
Flatout sells its products across major channels such as mass, grocery, drug and foodservice. Lou Marinaccio, a Managing Director at North Castle Partners, commented, "Lincoln did an outstanding job of positioning Flatout's unique characteristics and running an efficient, tailored process which delivered strong results."
Lincoln acted as the exclusive sell-side advisor to Flatout, working closely with the management team and shareholders throughout the sale process to provide advisory expertise and manage the marketing, due diligence and negotiation phases of the transaction.
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With sixteen offices in the Americas, Asia and Europe, Lincoln International has strong local knowledge and contacts in key global economies. The firm provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
Media Contact: Kelly Neroda
SOURCE Lincoln International