Farmers Hen House Joins Forces with Pete & Gerry's Organics

Deal News | Jan 31, 2025 | EIN

Farmers Hen House Joins Forces with Pete & Gerry's Organics

Farmers Hen House, a company founded in Kalona, Iowa in 1997, has been acquired by Pete & Gerry’s Organics, a leading specialty egg producer based in New Hampshire. The acquisition, finalized this month, makes the combined entity the largest branded Free-Range/Pasture-Raised egg business in the industry, encompassing three labels: Pete & Gerry’s Organic, Nellie’s Free-Range, and Farmers Hen House. The newly merged company will operate from four facilities located in Iowa, New Hampshire, Pennsylvania, and Georgia. This merger is anticipated to bolster the growth of specialty egg production and create employment opportunities, with an additional 35 to 40 positions projected at the Kalona facility. Farmers Hen House, initially small scale, expanded through partnerships and a focus on organic, cage-free, and free-range production, adopting strategies to meet rising consumer demand. The involvement of private equity firm Benford Capital in 2021 was pivotal in enhancing Farmers Hen House's market presence, leading to significant growth. Pete & Gerry's acquisition is expected to further enhance market reach and capitalise on shifting consumer preferences toward premium-grade eggs.

Sectors

  • Food and Beverage
  • Agriculture
  • Private Equity

Geography

  • United States – Both companies are based in the U.S., with operations and partnerships across multiple states such as Iowa, New Hampshire, Pennsylvania, and Georgia.
  • Iowa – Farmers Hen House was founded and operates a facility in Kalona, Iowa.
  • New Hampshire – Pete & Gerry’s Organics is based in New Hampshire, making it a significant location in this acquisition.

Industry

  • Food and Beverage – This sector is relevant as it involves the production of specialty eggs, a significant product in the food industry.
  • Agriculture – The article involves sustainable farming practices and organic production, key aspects of the agricultural sector.
  • Private Equity – The involvement of Benford Capital, a private equity firm, highlights the role of this industry in business growth and acquisitions.

Financials

    Participants

    NameRoleTypeDescription
    Farmers Hen HouseTarget CompanyCompanyA company that specializes in producing organic and free-range eggs and has been acquired by Pete & Gerry's Organics.
    Pete & Gerry’s OrganicsBuyerCompanyA prominent specialty egg company acquiring Farmers Hen House to become the largest branded Free-Range/Pasture-Raised business in the industry.
    Benford CapitalPrivate Equity FirmCompanyA private equity firm based in Chicago that held a majority stake in Farmers Hen House prior to its acquisition by Pete & Gerry’s Organics.
    Ryan MillerCEO of Farmers Hen HousePersonCurrent CEO of Farmers Hen House who joined in 2004 and co-owned the company since 2010.
    Tom FloccoCEO of Pete & Gerry’s OrganicsPersonCEO of Pete & Gerry's Organics overseeing the acquisition of Farmers Hen House.