PORTLAND, Ore.--(BUSINESS WIRE)--Orca Capital Securities, LLC (www.orcacapitalsecurities.com), has facilitated the acquisition of PowderPure™ by New York-based International Flavors & Fragrances (NYSE: IFF). The Dalles, OR-based PowderPure™, which sells “powdered produce,” is expanding rapidly. Revolutionary technology enables PowderPure™ to convert fresh fruits and vegetables into fine powder, retaining 100% of its nutrition, flavor, aroma and color. Kurt Ruttum of Tonkon Torp, Portland, OR, was counsel to PowderPure.
Both sides are pleased. PowderPure™ CEO Mark Savarese noted: “Orca provided a pathway and guidance, delivering a buyer who recognized the current and potential value of our technology. Orca’s Randy Moe truly saw us through every step of the way.”
IFF Group President Matthias Haeni stated: “We are excited to work with PowderPure and leverage their fantastic technologies to create minimally processed products from natural ingredients. PowderPure will be a great addition to the IFF family.”
IFF’s intent to invest in and expand on PowderPure™’s technology and capacity capabilities portends the rewards of future synergies. IFF describes itself as “a leading innovator of sensory experiences that move the world. At the heart of our company, we are fueled by a sense of discovery...” The global company is headquartered in New York City.
About Orca Capital Securities
Orca Capital provides high-level, expert corporate finance services to emerging growth and middle market companies in the Pacific Northwest. Through its global relationships, Orca Capital is able to bring both domestic and international strategic buyers as well as institutional equity investors. Whether buying or selling a business or raising capital, Orca Capital focuses on providing client-specific corporate finance solutions. With a highly disciplined approach to the capital markets, Orca Capital's investment banking team has an extensive track record of successful transactions valued at over $12 billion.
For more information on Orca Capital Securities, visit www.orcacapitalsecurities.com.