Norbest LLC

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Norbest LLC - overview

Established

1930

Location

Moroni, UT, US

Primary Industry

Food

About

Norbest LLC is a producer and distributor of high-quality turkey products, focusing on ranch-raised options to meet the needs of consumers and foodservice sectors. Norbest LLC specializes in the production and distribution of turkey products. Founded in 1930, the company is headquartered in Moroni, US. In August 2015, J.


D. Heiskell & Co. and AMERRA acquired a minority stake in Norbest LLC for an undisclosed amount. The company's founder's history is not publicly available.


Norbest specializes in the production and distribution of high-quality turkey products, including ranch-raised whole turkeys, turkey breasts, roasts, ground turkey, and deli items. Their wide range of products is designed to suit the diverse needs of consumers, foodservice professionals, and retail clients, offering options such as natural, basted, and fully cooked turkeys. Norbest emphasizes convenience through ready-made turkey breasts and roasts, catering to individuals seeking quick, healthy meal solutions. Their products are widely available in North America, targeting grocery chains, independent grocers, restaurants, and specialty food purveyors.


Norbest's revenue model is primarily structured around B2B transactions involving wholesale and retail partnerships. The company supplies grocery chains, independent retailers, and foodservice establishments with a range of turkey products. Bulk orders of whole turkeys, ground turkey in tray packs, and deli products form the core of their transaction structures. Their pricing strategy reflects the premium quality of their offerings, which include options for gift certificates that allow consumers to purchase turkey, ham, or veggie items.


This consistent demand supports steady revenue from both direct sales to consumers and wholesale distribution channels. The company's future growth strategy includes plans for expanding its product line and entering new markets. Norbest is currently working on upcoming turkey products with a focus on enhancing convenience and health benefits; however, specific release dates are not provided. The company also aims to expand its geographic reach beyond North America in the coming years.


Recent funding from the acquisition in August 2015 will be utilized to support these initiatives, allowing Norbest to further develop its product offerings and enhance market penetration.


Current Investors

AMERRA Capital Management, J.D. Heiskell & Co.

Primary Industry

Food

Sub Industries

Meat, Poultry & Seafood Products, Food & Beverage Distribution

Website

www.norbest.com

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Norbest LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedNorbest LLC-

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Norbest LLC - employee data

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