PKF Investment Banking Closes Sale of Erie Foods International’s North American Operations to Actus Nutrition

PKF Investment Banking Closes Sale of Erie Foods International's North American Operations to Actus Nutrition

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The transaction demonstrates PKF Investment Banking's experience advising owners in the food and beverage industry, including specialty ingredients and nutrition businesses

PKF Investment Banking, the investment banking affiliate and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, announced today the successful closing of the sale of Erie Foods International's North American operations ("Erie Foods" or the "Company") to Actus Nutrition ("Actus"), a portfolio company of Butterfly Equity. PKF Investment Banking served as the exclusive financial advisor to Erie Foods in connection with the transaction, which closed on October 26, 2026.

"We are honored to have advised the shareholders of Erie Foods on the sale of its North American operations to Actus Nutrition," said Alberto Sinesi, Managing Director & Co-Head at PKF Investment Banking. "The Company's technical expertise in extrusion and longstanding customer relationships across consumer-packaged goods protein products and ready-to-drink beverages provide a strong foundation for its next chapter."

Founded in 1938 by the Reisenbigler family and based in Erie, Illinois, Erie Foods manufactures dairy protein ingredients and provides custom processing services to the food, nutraceutical and supplement industries. The Company's products include caseins, caseinates, milk protein crisps, milk protein concentrates, milk protein isolates and granulated calcium carbonate. This is supported by value-added processing expertise in twin-screw extrusion, agglomeration and granulation, drying, precision blending, particle coating and product formulation and development.

Actus is an Eden Prairie, Minnesota-based manufacturer of protein and nutritional ingredients. A portfolio company of Butterfly Equity, Actus converts milk and whey into functional ingredients for human and animal nutrition markets. Its capabilities also include private-label manufacturing and custom ingredient development for food, beverage and performance nutrition brands.

"PKF Investment Banking provided invaluable guidance in helping us navigate the sale process and evaluate the right strategic path for both our family and Erie Foods," said David R. Reisenbigler, Chief Executive Officer of Erie Foods. "At this time in the Company's history, Actus is the ideal partner, and management looks forward to working with Actus as they continue serving the Company's customers and community."