Paragon Foods
Distributor of fresh and specialty foods to the restaurant and foodservice industries
A.J. Silberman
Transaction Snapshot:
Service Type:
Sell-Side Advisory
Industry:
Distribution
Ownership:
Family Owned
Location:
Pennsylvania
Buyer Type:
Strategic
Confluence Advisors, LLC is pleased to announce that it advised A.J. Silberman & Company, L.P., a leading wholesale distributor of convenience store products, on its sale to Eby-Brown Company, LLC, the largest family-owned, wholesale consumer products distributor in the convenience industry. Confluence Advisors acted as the sole and exclusive advisor to the sellers in the transaction.
“We are thrilled to welcome the customers and employees of AJ Silberman to the Eby-Brown family. Eby-Brown and AJ Silberman share the cultural value of keeping the needs of the customer first and have grown customer relationships through the delivery of excellent customer service and innovation. We look forward to combining two family-owned, talented teams and are excited to work together on developing new solutions and services that benefit our customers. We will maintain both companies’ commitment to service excellence while delivering increased value with best-in-class category management programs, promotional offerings and sophisticated technology,” remarked Thomas Wake, Co-President of Eby-Brown.
Upon closing the sale, the Indianola facility will operate as A.J. Silberman, a division of Eby-Brown.