FOOTHILLS CREAMERY

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COMPANY PROFILE

Producers of ice cream, butter, soft serve, frozen yogurt, sorbet, sherbet, and ice cream cones for the retail and food service markets, Foothills Creamery’s mission is to produce superior Canadian sourced and hand crafted dairy products which consumers can consistently trust for premium quality, purity and flavour.

Financial Metrics

  Purchase Price (including real estate) $27.66mm
  Purchase Date February 28, 2018
  WIC Ownership 50.4%
  Annual Management Fee $75,000

Industry

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Agriculture/Agrifood

Investment Thesis

  • Well recognized brand in Western Canada.
  • History of consistent profitability in a highly regulated market.
  • Expansion opportunities for the company at existing facilities in addition to surplus processing capacity.
  • Owner committed to remaining involved in the business for the next three years.
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“After five decades of building Foothills, I’m glad I found partners for the future. Western’s local roots and reputation were important considerations. I’m excited to continue to play a role in positioning Foothills for a very successful future.”

Don Bayrack, Founder