“Timing is everything for the owner of a privately held business.”
John Sloan
CEO
Sloan Capital
.…on advising Dallas’ AC Horn in its recent sale to German-owned Probat Inc., via the Dallas Business Journal.
Dallas-based M&A advisory firm Sloan Capital advised the 117-year-old Dallas company AC Horn in its late-February sale to Probat Inc., the U.S. subsidiary of Germany-based Probat S.
Originally a sheet metal business founded in 1907, AC Horn is now a leading global supplier of food processing equipment, specializing in popcorn and nut manufacturing solutions as well as durable stoneless masa mills for corn tortillas and chips.
AC Horn has something in common with its buyer—a long, long history. Founded 156 years ago in 1868, Probat is a German coffee roaster manufacturer whose product range includes drum, tangential, and centrifugal roasters.
AC Horn CEO Michael Horn has been the fourth generation in his family to lead the family business, which has more than 70 employees and an annual revenue of $20 million, according to the Dallas Business Journal’s Holden Wilen.
To see why Probat “checked all the boxes” for AC Horn, and where the acquisition will take the Dallas company, read the DBJ story here.
For more of who said what about all things North Texas, check out Every Last Word.
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