Old Orchard Acquired
SPARTA — Publicly traded investment group Allied Capital Corp. has acquired a majority interest in local juice maker Old Orchard Brands LLC for $64.6 million. While specific terms of the deal were not disclosed, senior management of the $140 million juice maker also made a substantial equity investment.
Company founder Mark Saur will continue to manage the 21-year-old company. The transaction will not result in any job loss.