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PE firm acquires majority stake in Dr. Praeger’s: We have some of the most loyal customers in the industry By Elaine Watson Private equity firm Vestar Capital Partners has made a majority growth investment into Dr. Praeger s Sensible Foods, which makes a range of frozen and refrigerated vegan and vegetarian burgers, sausages and nuggets, appetizers, and snacks.
New Jersey-based
Dr. Praeger’s – which was founded in the mid-1990s – is led by second generation family members Larry Praeger (CEO) and Adam Somberg (President) who will continue in these roles and remain significant investors in the company.
“
Larry and Adam have done a tremendous job building the company and developing new products that speak to today s consumers – flexitarians, vegetarians, vegans and those who seek a healthier lifestyle,” said Winston Song, Managing Director and co-head of consumer at Vestar