Based in Lansdale, PA, M.H. Zeigler & Sons (“Zeigler”), one of the country’s largest manufacturers and distributors of refrigerated apple cider and cider blends, sold primarily through the grocery channel. The company achieved consistent growth by broadening its distribution outside its traditional northeastern stronghold and by introducing Zeigler’s brand lemonades and iced teas.
In partnership with management, Clearview acquired 100% of the company from its parent, Ultimate Juice Company, which is a portfolio company of North Castle Partners. To provide additional incentive for management, Clearview created an option plan to provide management with the opportunity to acquire a larger stake in the company.
The platform transaction closed on July 11, 2003. Clearview invested equity from Clearview’s Pledge Fund.
Clearview sold Zeigler’s on April 8, 2011.