Novacap, a Canadian private equity firm, announced today that they have sold Idaho Pacific, a company specializing in dehydrated potato products to Arlon Group, a food and agriculture investment firm with a global network that supports investments across the entire food supply chain in the Americas.

On May 6, 2011 Otter Tail Corporation completed the sale of Idaho Pacific Holding to affiliates of Novacap Industries III, L.P., for approximately $87.0 million in cash.