

Acquired: September 13, 2001 with $27 million in annual sales.
Sterling Foods, Ltd., based in San Antonio, TX, is the leader in shelf-stable bakery products for the military and commercial markets. Sterling can extend the shelf-life on its products from 5 months to 3 years. Sterling is well known for its leading research and development capabilities, particularly in shelf-stable products, which have been an integral part of the Company’s superior growth and profitability. Products include brownies, cakes, cookies, snack breads, soft pretzels, muffins, scones, pizza crusts and biscuits.
"We have been through some good times and some tough times and ICV’s support and leadership
have never wavered. They make it their job to understand the fundamentals of our business and to
stay abreast of critical projects and market opportunities. This allows them to be a good business
resource for our company at all times. From the very beginning of our business relationship, building
meaningful and sustainable shareholder value has been their incessant pursuit."
- John D. Likovich, Chief Executive Officer Sterling Foods, LTD.
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