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Arsenal Capital's IFC buys soy fibers firm

1:39 PM MDT | October 16, 2013 | Vincent Valk

International Fiber Corporation (IFC; North Tonawanda, NY) says it has acquired Fibred (Cumberland, MD), a maker of dietary soy fiber for foodstuffs. Fibred’s products go into baked goods, meats, cereals, dairy products, and health foods, among others, IFC says. IFC was acquired by private equity firm Arsenal Capital (New York) in August, and this is the company’s first acquisition under Arsenal. Financial terms of the deal were not disclosed. “The acquisition of Fibred is part of our plan to significantly expand IFC’s presence both in...

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