Carolina Pride

Carolina Pride Foods

Case Study

Provided an all cash solution within 30 days to acquire and operate this Greenwood, SC based meat processor

Client Carolina Pride Foods

By The Numbers

Gordon Brothers entered into a strategic partnership with Carolina Pride to stem losses following a period of declining business. Carolina Pride is a family-owned packaged meat producer based in Greenwood, South Carolina. The team recognized the underlying value in the operating company and was able to provide an all cash solution and close on the acquisition within 30 days. Through a wholly-owned entity, CPF Holdings LLC, we now hold a majority equity interest in Carolina Pride.

Carolina Pride originally began its operations as a small family-owned and operated sausage producer in 1920. Carolina Pride currently employs more than 500 people at its Greenwood, South Carolina processing facility, serving customers throughout the Southeast.

Gordon Brothers has focused efforts on empowering employees, right-sizing the workforce, instituting lean manufacturing and reinvigorating and growing customer relationships. We enhanced the management team by hiring a new CFO and COO to support the existing team. Projected performance is strong as the restructuring initiatives mature.