SALE OF AMERICA’S FOOD TECHNOLOGIES, INC.
CHICAGO, ILLINOIS, January 7, 2020– Picone Advisory Group President, Christopher L. Picone is pleased to announce the sale of long time Picone Advisory Group client, America’s Food Technologies, Inc. (“AMFOTEK”) to Sunny Sky Products (“Sunny Sky”) based in Houston, Texas.
AMFOTEK, based in Tinley Park, IL is one of the leading specialty dispensed beverage manufacturers in the country. AMFOTEK has been a Picone client since its founding over twenty-two (22) years ago. Picone served as a Corporate Advisor and General Counsel to AMFOTEK.
“I believe it is a picture perfect union of two great companies with the same passionate focus on product quality and customer service,” said Ellen M. Jordan, AMFOTEK Founder and CEO, “and is truly gestalt given Sunny Sky’s leadership in the liquid and frozen products area. They are also acquiring our 101,000 square foot state-of-the-art manufacturing facility and our talented team.”
The transaction closed on December 31, 2019.
Picone Advisory Group provides consulting services to an international client base in a wide variety of industry settings including: financial services, professional services, manufacturing, aerospace, building and construction, food and food service, homeland security and first response, healthcare, energy, real estate, wholesale and retail services, technology, telecommunications, and transportation.