Maryland firms bought by business development company
Maryland firms bought by business development company
Two sister produce companies, Coastal Sunbelt Produce Co. and East Coast Fresh Cuts Inc., which share a large facility in Savage, MD, have been acquired by MCG Capital Corp., a publicly traded business-development company based in Arlington, VA. MCG's management team is also a buyer in this deal, which was completed Jan. 8. MCG Capital indicated that it has $1.3 billion in total assets. Coastal Sunbelt and East Coast Fresh Cuts are leading mid-Atlantic regional distributors of fresh produce and perishables, serving chain and independent retailers, as well as hotels, institutions and