CCP Client 'CO307'
Premium Cheese Brands Sold Through
Multi-Faceted Distribution Network

Clayton Capital Partners is pleased to exclusively represent CO307 (the “Company”) in the sale of its business. CO307 markets and sells a wide variety of high-quality, natural cheeses to distributors, retailers, wholesalers, food service operators and industrial food manufacturers across the United States and internationally.


• Established Smoked Cheese Market Leader – Since the early 1990s the Company has established itself as a market leader in the smoked cheese niche, a market segment that is expected to grow at 4.2% (CAGR) through 2023.1 Based on the success of that line, the Company’s 120+ SKUs (flavored, shelf-stable, kosher, low-fat and organic cheeses for sale under its own and private labels) are available in over 10,000 stores.


• Unique Premium Products – Based on robust research and development, along with market intelligence, the Company continually adds new products and lines to satisfy the changing tastes of U.S. and international consumers. In 2019, it launched its line of organic cheeses.


• National Network of Wholesalers, Distributors and Retailers – To achieve its current national and international presence, the Company’s sales representatives have established long-term relationships with multiple retailers and wholesalers, and nearly 50 distributors.


• Highly Responsive Customer Service – To provide fast, accurate and reliable service, CO307 has invested in high-tech processing and labeling equipment and developed delivery systems tailored to customer needs. A high percentage of repeat customers and most-favored-vendor status with the largest food retailer in the U.S. attest to CO307’s outstanding level of performance.

CO307 Financial Highlights
Internal
LTM Ended
6/30/2019
Reviewed
Year Ended
12/31/2018
Reviewed
Year Ended
12/31/2017
Reviewed
Year Ended
12/31/2016
Reviewed
Year Ended
12/31/2015
Sales
$24,724,976 $24,745,470 $24,045,618 $22,361,552 $20,921,310
Gross Proft %
19% 19% 20% 25% 21%
Adjusted EBITDA $1,587,161 $1,771,269 $1,867,260 $2,865,691 $1,646,847
NON-DISCLOSURE AGREEMENT

The undersigned hereby agrees:


That all information, data and materials disclosed or furnished (herein called the Information) by Clayton Capital Partners Acquisition Candidate CO307 (herein called the Company) will be maintained strictly confidential and that, in consideration for such disclosure, no use of the Information will be made by any signing party, or employees of such party, other than for evaluation purposes, on a strictly confidential basis.


It is understood that disclosure of any of the Information, including the possibility that the Shareholders may consider sale, disclosure of the current status of the Company, or disclosure of any information to customers, vendors, competitors, or employees of the Company would cause serious financial damage to the Company and/or its affiliates.


The undersigned also agrees that, for the term of this agreement, they will not solicit for employment any person who is currently employed by the Company. Nothing herein shall preclude the undersigned from hiring any employee who responds to a general solicitation so long as it is not targeted at the Company or its employees.


The undersigned agrees not to copy, duplicate, disclose or deliver all or any portion of the Information to a third party or permit any other third party to inspect, copy or duplicate the same except those parties deemed necessary by the undersigned to evaluate the possible transaction (including agents, advisors, affiliates, accountants, attorneys, consultants, and lenders). It is understood that the undersigned may disclose Information to only parties who (i) require such material for the purpose of evaluating a possible transaction and (ii) are informed by the undersigned of the confidential nature of the Information and agree to be bound by the terms hereof. The undersigned further agrees to be responsible for any breach of this agreement by the above mentioned parties, and that these parties will not use any of the Information for any reason or purpose other than to evaluate a possible transaction or in any way detrimental to the Company.

This shall not, however, prevent the undersigned from disclosing to others or using in any manner:

  1. Information which has been published and has become part of the public domain other than by acts or omissions by the receiving party
  2. Information which has been furnished or made known to the undersigned by third parties as a matter of right without restriction of disclosure, or
  3. Information which the undersigned can show was already in its possession at the time it entered into this Agreement and which was not acquired directly or indirectly from the Company, their representatives, its employees or their representatives.

This agreement shall remain in effect for a term of two years from the execution date hereof and upon request, the receiving party will promptly return all data and materials furnished by the Company and destroy any internal analyses and/or workpapers related to the evaluation of the Company.


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CCP Client 'CO307'
For Additional Information Contact:
David McNaught, Senior Associate
8112 Maryland Ave., Suite 250
St. Louis, MO 63105
Ph 314-725-9939 x 533
dmcnaught@claytoncapitalpartners.com


Andy Huss, Analyst
8112 Maryland Ave., Suite 250
St. Louis, MO 63105
Ph 314-725-9939 x 544
ahuss@claytoncapitalpartners.com