AGR Partners, a provider of minority equity and subordinated debt to food and agribusiness companies, announces a new partnership and a significant growth capital investment in Georgia-based Almark Foods.
Almark Foods is a leading provider of hard-boiled, peeled eggs to retailers, convenience stores, restaurant chains and salad manufacturers nationwide. Founded in Gainesville, Ga., in 1979, Almark has expanded to three facilities which produce a variety of egg products including peeled and ready-to-eat hard-cooked eggs, frozen diced eggs, deviled egg kits and colored Easter eggs.
“This is a significant strategic partnership for Almark Foods and we’re very pleased to have the support of AGR Partners,” said Don Stoner, president of Almark. “AGR’s long-term vision for the business is consistent with and complementary to our ESOP employee ownership model, and their investment enables us to accelerate our expansion plans in order to serve our customers’ needs.”