TKO Miller Advises GLK Foods, LLC on the Divestiture of its Sauerkraut Division

Target: GLK Foods, LLC

Target Headquarters: Appleton, WI

Acquirer: Fermented Food Holdings

Acquirer Headquarters: Miami, FL

Target Description: GLK’s Sauerkraut Division is the largest producer of sauerkraut in the world, serving grocery, foodservice, and industrial co-pack markets. The Sauerkraut Division produces in-house brands such as Cortland Valley, Flanagan, Silver Floss, and Saverne, and co-packages the majority of all North American sauerkraut brands including privately labeled and other industrial co-packaged brands. In addition to its market-leading sauerkraut business, GLK Foods also produces and markets the popular Oh Snap! line of pickled vegetables. This business will be retained by GLK Foods.

Deal Stats:

Advisory Service Sell-Side

Food & Beverage

Appleton HQ

Senior Deal Team:

Tammie Miller (1)

Tim Oleszczuk (1)

Nick Kozik (2)

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Tammie Miller has spent more than 27 years in investment banking with an extensive background in healthcare, business process outsourcing, manufacturing, industrial services and food ingredients. She began her career in the heart of Wall St. with Lehman Brothers where she worked with the Mergers and Acquisitions team. She also worked with other well-known banks including Alex. Brown & Sons, Kidder Peabody and Grace Matthews. In addition to investment banking, Tammie also brings operating experience to the table. While she was part of Cobalt Corporation (formerly Blue Cross Blue Shield of Wisconsin), she served as Senior Vice President of Operations of Innovative Resource Group (now APS Healthcare) where she was responsible for over 400 employees and $50 million of revenue. Tammie is a Chartered Financial Analyst and holds a BA and an MBA from the University of Chicago. She is a mother of six (mostly grown) children, enjoys gardening, home improvement, private piloting and is currently reading her way through a list of the 500 Greatest Books of All Time.