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Private equity firm completes acquisition of Kodiak Cakes foodnavigator-usa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foodnavigator-usa.com Daily Mail and Mail on Sunday newspapers.
L Catterton acquires Kodiak Cakes Park City 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. Kodiak traces its roots back to 1982 when eight-year-old Joel Clark began selling his mother’s hand-milled pancake mix door-to-door from a little red wagon. Since then, Kodiak has achieved consistent and remarkable growth to become a leading food brand for the active, modern consumer. Today, the Company fulfills its “Nourishment for Today’s Frontier” brand promise by virtue of a product po ....
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 News provided by Share this article 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. ....
Howard's Buys Operations and Assets of Midway Home Solutions themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
Image courtesy of Kodiak Cakes The deal adds pancake and waffle mixes, frozen waffles and pancakes, oatmeal and and other products to L Catterton’s portfolio. Private equity firm L Catterton has entered into a deal to purchase Kodiak Cakes, a food firm that supplies better-for-you (BFY) breakfast and snack food products, a company announcement said Tuesday. Terms of the acquisition were not revealed. Kodiak’s portfolio includes pancake and waffle mixes, frozen pancakes and waffles, oatmeal, baking mixes and snacking products made with 100% whole grain. “Since its first wagonload of flapjack mix, Kodiak has brought an authenticity and commitment to simple, wholesome ingredients that has allowed it to become one of the most disruptive food platforms in America,” Andrew Taub, managing partner at L Catterton, said in a company release. “We look forward to working closely with the entire Kodiak team to grow the brand together and in ....