Food Industry

We have worked closely with many of the country's leading food processing and manufacturing firms, providing assistance on various levels as they strive to diversify, develop new products, and expand to ensure profitability and future growth.

• We were successful in reducing the property tax assessments of manufacturing facilities owned by a leading cereal manufacturer.
• We provided cost segregation and property tax consulting services to a refinery operation, which produces cane sugar and molasses for a large US market.
• For federal tax reporting purposes, we valued the tangible and intangible assets of a large chocolate manufacturer.
• We provided valuation and purchase price allocation services to a popular baby food manufacturer and marketer on an acquisition that expanded its product offerings.
• We valued the tangible and intangible assets of a top-selling ice cream and yogurt brand that was purchased by a global food manufacturer.
• We provided purchase accounting and valuation services to a leading producer of beef and poultry products that acquired a broiler breeding services firm.
• We valued a popular frozen pizza brand, marketed primarily in the northeastern US, when it was acquired by the consumer products division of a diversified company.
• We provided cost segregation services to a sausage manufacturer relating to the construction of a large meat processing facility.
• We were engaged to determine the appropriate arm's-length royalty rate for use of intellectual property by a global supplier of poultry breeding stock.
• We were able to significantly reduce the assessed value of a food processing facility, whose original property assessment was based on historical capitalized cost. Our analysis resulted in an immediate $2 million tax refund and $500,000 in annual tax savings.