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Perricone Farms completes acquisition of Natalie's Orchid Island Juice Company to drive growth and innovation

Sep 04, 2024over 1 year ago

Acquiring Company

Perricone Farms

Acquired Company

Natalie’s Orchid Island Juice Company

Newport BeachFort PierceFood ProcessingFood and BeverageAgriculture and FarmingManufacturingFood and Beverage

Description

Perricone Farms, a premium craft juice company with deep roots in California's citrus industry, has announced its acquisition of Natalie's Orchid Island Juice Company, an award-winning juice company based in Fort Pierce, Florida. This merger unites two of the highest quality and most trusted names in the juice industry, strengthening both brands and enhancing the ability to serve customers with excellence in quality and customer service coast-to-coast.

Company Information

Company

Perricone Farms

Location

Newport Beach, California, United States

About

Perricone Farms is the leading producer of premium craft juices in the country. Headquartered in Newport Beach, California, the Company operates manufacturing facilities in Beaumont, California and Vero Beach, Florida. Perricone Farms was founded in 1994 by Sam Perricone, who was one of the largest citrus growers in the United States, along with his oldest son, Joe. Today, under the leadership of CEO Bob Rovzar, the Company continues to create delicious and healthy orange, grapefruit, lemon, lime, tangerine, and apple juices in both conventional and organic varieties as well as essential citrus oils.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed