L Catterton Acquires Kodiak Cakes
Positions High-Growth, Better-for-You Food Brand for Continued Expansion and Innovation
With a Loyal Following from the Active, Modern Consumer, Company is Poised to Broaden Leadership Across Categories
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PARK CITY, Utah and GREENWICH, Conn., May 25, 2021 /PRNewswire/
L Catterton, the largest global consumer-focused private equity firm, today announced that it has acquired Kodiak Cakes ( Kodiak or the Company ), a fast-growing food business built on a mission to inspire healthier eating and active living. Terms of the transaction were not disclosed. Kodiak s existing shareholders, including Sunrise Strategic Partners, Trilantic North America, and the Company s founders and management team, will continue to own a significant minority stake in the Company going forward.
Dive Brief:
Pancake maker Kodiak Cakes is being acquired by private equity firm L Catterton for an undisclosed amount, the companies said in a statement.
Kodiak has expanded into waffle mixes, frozen waffles, oatmeal, baking mixes and a variety of snacking products. Its better-for-you offerings are currently sold in 26,000 retail locations, including Target, Walmart and Costco.
The sale comes as the pandemic has increased consumer demand for healthier products. At the same time, people are spending more time at home making food, with breakfast among the biggest beneficiaries.
Dive Insight:
Kodiak began when eight-year-old Joel Clark began selling his family s hand-milled flapjack mix door to door from a little red wagon. Today, the fast-growing Kodiak s revenue has increased more than 50 times since 2013 when the brand appeared on the television program Shark Tank.
Else Nutrition to Launch Plant-Based Toddler Nutrition at PCC Community Markets - Largest Consumer-Owned Food Co-Op in the U S yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Else Nutrition Reports Fourth Quarter 2020 and Full Year 2020 Results
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Management is pleased to announce during 2020 fiscal year the Company successfully completed its initial rollout, on August 12
th, of the first Plant-Based Complete Nutrition for Toddlers product and executed of its strategic plan to setup an expansive growth platform for sales of its unique line of plant-based baby, toddler, children and adult nutrition products. During the year 2020 the Company has:
Successfully completed development of its first Plant-Based Complete Nutrition for Toddlers product.
Established commercial production capabilities with third party manufacturer.
Successfully onboarded KeHE Distributor, the first major distribution partner with a reach to 30,000 retail stores across the U.S.
Wide-reaching distribution agreements
What Else Nutrition Holdings does:
Good nutrition begins at birth and Else Nutrition Holdings Inc (CVE:BABY) (OTCMTKS:BABYF) (FRA:0YL) has a first-mover advantage with its patented 100% plant-based, non-diary, non-soy baby and toddler nutritional products.
The Israel-based company’s food items are 100% organic, vegan, natural and gluten-free, about 92% of which is made from three plants: almonds, buckwheat, and tapioca. Its products are sold under the brand name Complete Nutrition for Toddlers.
Else Nutrition won the 2017 Best Health and Diet Solutions award at the Global Food Innovation Summit in Milan.
As well, its Complete Nutrition for Toddlers was recently ranked as the #1 Top seller in the baby and toddler formula category on Amazon.com.