Headquartered in Akron, Ohio, Country Pure Foods is a leading beverage processor, packager, and distributor of branded and private label serving a diverse customer base across retail, food service, and institutional channels. Its key products include from-concentrate juices, not-from-concentrate juices, plant-based beverages, and frozen treats.

Stout provided sell-side financial due diligence services to Blue Point Capital Partners in connection with the sale of Country Pure Foods to Peterson Farms. Our engagement included the preparation of a comprehensive quality-of-earnings (QoE) databook and written report, net working capital analyses, and net debt procedures. These deliverables were instrumental in supporting management and the investment banking team throughout the sale process and buyer diligence.

As part of the QoE analysis, we addressed several complex areas, including billback and customer incentives, hedge accounting for orange juice, plant closures, operational mix shifts, and professionalization of the business that reflected the Company’s evolution under Blue Point Capital Partners’ ownership. In particular, we evaluated and normalized historical billbacks, including customer incentives, rebates, and trade-related adjustments, to ensure earnings appropriately reflected ongoing commercial terms.

Further, under Blue Point ownership, the business was transformed through a further push into plant-based products, consolidation of manufacturing efforts, shift from co-manufacturing to retail, centralization of departments, and more. In diligence, we assessed the historical impact and run rate of the current structure for each transformation which impacted inventory standards, product pricing and margins, fixed vs. variable costs, back-office structure, etc.

In addition, we supported management and the deal team through detailed buyer diligence discussions, purchase agreement support, working capital mechanics, and closing balance sheet procedures. Working closely with Blue Point and Country Pure Foods’ management team, we played an integral role throughout the transaction lifecycle. The transaction successfully closed in December 2025.