Kraft Foods Inc. (NYSE: KFT) has sold its Fruit2O water and Veryfine juice brands to Sunny Delight Beverages Co., a portfolio company of J.W. Childs & Associates. No financial terms were disclosed for the deal, but Kraft said that the brands had $135 million in combined 2006 sales.
Orion ICG, a Raleigh, N.C.-based military recruiting and consulting firm, has acquired Cumberland Therapy Services Inc., a Lawrenceville, N.J.-based provider of healthcare therapists and other professionals to state and local government facilities. No financial terms were disclosed. Orion is a portfolio company of Centre Partners. www.orioninternational.com
Market Strategies International, a Livonia, Mich.
Select Medical Corp., a Mechanicsburg, Pa.-based operator of specialty hospitals, has agreed to acquire CORA Health Services Inc., a Lima, Ohio
La-Z-Boy Inc. (NYSE: LZB) has completed the sale of its Clayton Marcus subsidiary to Rowe Fine Furniture Inc., a portfolio company of Sun Capital Partners. No financial terms were disclosed. Clayton Marcus is a Hickory, N.C.-based maker of mid-to-high priced upholstered furniture. www.claytonmarcus.com
Zayo Bandwidth, a Louisville, Colo.-based regional provider of fiber-based network services, has acquired Indiana FiberWorks, operator of a fiber network that connects 21 of Indiana's 25 largest cities. No financial terms were disclosed. Zayo recently secured access to $225 million in private equity funding, from firms like Columbia Capital, M/C Venture Partners, Oak Investment Partners, […]
Serentis Inc., a UK drug startup formed by former Arakis Ltd. executives, has acquired Surface Therapeutics Ltd., a developer of treatments for dermatological diseases. No financial terms were disclosed. Serentis recently raised Gbp10.3 million in Series A funding from firms like Novo AS, MVM Life Science Partners and Apposite Capital. www.serentis-pharma.com
HomeAway Inc., an Austin, Texas-based operator of an online vacation rentals website, has acquired Owners Direct Holiday Rentals, the second-largest vacation rental website in the UK. No financial terms were disclosed, although existing HomeAway shareholder American Capital Strategies said that it had recently invested an additional $11.5 million into the company. Other HomeAway shareholders […]
Advanced Communications Technologies Inc. (OTC BB: ADVC), a New York-based reverse logistics company for consumer electronics, has raised an undisclosed amount of funding from H.I.G. Capital. Concurrent with the transaction, ACT has completed its acquisition of Vance Baldwin Electronics, an OWM parts distributor with operations in southern Florida and suburban Atlanta. www.higcapital.com www.advancedcomtech.net
Kinder Morgan Energy Partners has bought the assets of Marine Terminals Inc. for approximately $100 million. Marine Terminals primarily handles and stores steel and alloys. It has two facilities in Blytheville, Ark., and individual terminals in Decatur, Ala., Hertford, N.C., and Berkley, S.C. The five facilities handled approximately 13.4 million tons of steel products in […]