Ed Boyd, owner of Magnaform Corporation in Van Buren, AR, was ready to retire and began looking for someone to take over his successful manufacturing business. As a manufacturer of portion control trays for packing poultry, beef, pork, fish, seafood, and specialty or gourmet foods, Boyd had built an international client base after over three decades in business; he needed the right buyer with the right background and knowledge to transfer ownership.
After a great deal of interest in Magnaform from multiple buyers, Rick Ralston and his partners heard about Magnaform through CBI Team Fort Smith-River Valley managing partner Mark Kincannon. They decided to pursue the purchase of the company with the intent to take the already established and successful business to the next level.
Boyd and Ralston agreed to terms with the guidance of intermediary Kincannon. After the sale, seller Ed Boyd stated, “Mark handled the sale of my long-standing business and I was very satisfied. His dedication to his job and his customers is exemplary.”
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