The sale of Renwood Mills builds on an already active 2016 with the recent sale of Formation Brands and three new platform acquisitions in the energy, technology and food sectors.

The 80-year-old flour milling and mix company was initially acquired in 2013 and has thrived under Renovo’s ownership which included investments in growth initiatives, the stabilization of a supplier base, strategic leadership and the engagement of key executives.

“In 2013, we were fortunate to purchase a Company with great brands (Southern Biscuit, Tenda Bake), better people, undervalued production capabilities and a loyal customer base. It’s been rewarding to work with the team as we stewarded the Company back to promising times and look forward to hearing about the next level of growth that The Mennel Milling Company and Plaza Belmont are able to achieve,” Mike Manos said.

Generalist by strategy, Renovo has acquired numerous businesses within the broader food supply chain, including agricultural related assets through food retail. Renovo’s most recent acquisition, All Holdings LLC, a manufacturer and marketer of fresh and processed pork and turkey products into the retail and foodservice channels, carries forth the thesis of acquiring niche players in stable and growing markets.