Mem­phis’ Mono­gram Foods buys In­di­ana corn dog man­u­fac­turer

The Commercial Appeal - - Business -

Mem­phis-based Mono­gram Food So­lu­tions com­pleted its ac­qui­si­tion Thurs­day of a corn dog man­u­fac­turer in Bris­tol, Ind.

Mono­gram Foods, which makes value-added pro­cessed meat snacks, bought Hins­dale Farms with a spe­cial fo­cus on re­tail pri­vate la­bel cus­tomers and co-pack­ing for other man­u­fac­tur­ers.

The Mem­phis com­pany com­pleted the pur­chase by rais­ing $12.5 mil­lion, mostly from in­di­vid­u­als liv­ing in the Mem­phis area, David Du­na­vant, Mono­gram’s chief fi­nan­cial of­fi­cer, said in a pre­pared state­ment.

Mono­gram now has four plants, in­clud­ing ones in Mun­cie, Ind., Martinsville, Va., and Chan­dler, Minn.

In Hins­dale, Mono­gram ac­quired a 110,000-square- foot plant that em­ploys 300 work­ers, all of whom will be of­fered a po­si­tion with Mono­gram, said Karl Sch­led­witz, Mono­gram’s chair­man and chief ex­ec­u­tive of­fi­cer.

“The Hins­dale ac­qui­si­tion is a per­fect fit for Mono­gram,” Sch­led­witz said. “Our goal is to in­te­grate Hins­dale into Mono­gram’s man­u­fac­tur­ing and sales sys­tems as Mono­gram grows its po­si­tion among the na­tion’s lead­ing man­u­fac­tur­ers of pro­cessed meats. Hins­dale will help us continue to pro­vide con­sumers with our top-qual­ity meat prod­ucts that are dis­trib­uted re­gion­ally and na­tion­ally.”

Mono­gram plans to in­vest $4 mil­lion to $5 mil­lion in cap­i­tal im­prove­ments at the Hins­dale plant, which will boost pro­duc­tion and em­ploy­ment, Sch­led­witz said.

Mono­gram bought Hin- sdale Farms from broth­ers Philip M. Smith and Mil­ton C. Smith, the third gen­er­a­tion of their fam­ily to op­er­ate the busi­ness since it was founded in 1945.

Banks in­volved in fi­nanc­ing the deal were Bank of Montreal/Har­ris Bank (BMO), Wells Fargo and Ibe­ria Bank.

Mono­gram Food So­lu­tions, founded in 2004 with the pur­chase of King Cot­ton and Circle B Brand meats from Sara Lee Corp., now has more than 1,200 em­ploy­ees.

Com­pany-owned brands in­clude: Trail’s Best, Wild Bill’s, Bull’s, Han­nah’s, O’Brien’s, Pete’s Pride, King Cot­ton, Circle B and Farmer’s Pride.

The com­pany also sells and mar­kets li­censed brands such as Bass Pro Shops Un­cle Buck’s, John­sonville, Jeff Fox­wor­thy, Team Real­Tree and Glory Foods.

Danny Snow has been named manag­ing di­rec­tor of the tax ex­ec­u­tive com­mit­tee of the Amer­i­can In­sti­tute of Cer­ti­fied Pub­lic Ac­coun­tants.

John Mitchell Graves has been cho­sen to re­ceive the 2012 Dis­tin­guished Alum­nus Award from Chris­tian Broth­ers Univer­sity, and Mark Bari­cos has been cho­sen to re­ceive the 2012 Dis­tin­guished

FRI­DAY

Rotary Club of Mem­phis Cen­tral: 11:45 a.m.-1 p.m., 3700 Cen­tral. Speaker: Michael Roelker, mar­ket­ing Young Alum­nus Award. Richard “Dick” Gadom­ski will re­ceive the Brother Lawrence Eg­bert Dis­tin­guished Ser­vice Award.

Melissa Thomson has been pro­moted to ac­count man­ager at RedRover Sales and Mar­ket­ing, and Joy Doss has joined RedRover as se­nior PR/ events strate­gist, af­ter work­ing for the com­pany as a free­lancer.

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