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Silverwood Partners Advises On a Roll Sales, Inc. in the Sale of Business to Greencore Group Plc

SHERBORN, MA- December 7, 2010

Greencore Group Plc (ISE: GCG) has acquired On a Roll Sales, Inc., a manufacturer of fresh sandwiches, wraps, calzones, salads and ready-to-eat meals based in Brockton, Massachusetts. Silverwood Partners was the exclusive financial advisor to On a Roll Sales, Inc. in connection with this transaction.
“On a Roll is a promising, growing business with a well diversified customer base of major retailers and convenience stores,” said Eoin Tonge, development director for Greencore. “This acquisition will provide an additional revenue stream to Greencore USA’s Food to Go category and will complement our existing businesses in Newburyport, Massachusetts and Cincinnati, Ohio.”
About On a Roll Sales, Inc.:
Founded in 1985, On a Roll Sales initially sold its products to mobile canteen trucks. The company branched out into the vending segment in 1990, convenience stores in 1992, and supermarkets in 1994. Today, On a Roll Sales serves all of New England and parts of the Midwest, making products seven days a week, two shifts a day, for 52 weeks per year. The company’s 100 employees hand package over 250,000 handmade sandwiches, meals and salads per week.

About Greencore Group Plc:
Greencore is a leading international manufacturer of convenience foods with 14 manufacturing sites and over 7,000 employees. Greencore provides a wide range of chilled, frozen and ambient foods to major retail, manufacturing and foodservice customers in the UK and Ireland as well as Continental Europe and the U.S.

About Silverwood Partners:
Silverwood Partners is a sector focused investment bank that provides M&A and private capital raising advisory services to information, communications, financial services, and digital imaging technology companies, and consumer, healthcare, and industrial companies. Silverwood delivers acquisition, divestiture or corporate sale advisory, strategic-financial advisory and private placement financing services to companies in its targeted business sectors. For additional information, visit Silverwood's Website at www.silverwoodpartners.com.

Important Information
This release may include forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, about the future performance of one or more public companies. There are a number of factors that could cause actual events or results to differ materially from those indicated by such forward-looking statements, such as the competitive market in which any company operates, market acceptance of a public company’s existing and new products, a public company's ability to anticipate customer needs and the other factors set forth under the caption “Certain Factors That May Affect Future Results,” or similar, in a public company’s filings with the Securities and Exchange Commission or other similar regulatory agencies in non-U.S. jurisdictions. In addition, any forward-looking statements contained herein represent an estimate only as of the date of such statement and should not be relied upon as representing an estimate as of any subsequent date.

Press Contact:

Jonathan Hodson-Walker
Managing Partner
Silverwood Partners
T. 508-651-2194
E. This email address is being protected from spambots. You need JavaScript enabled to view it.

 

 

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