| By PR Newswire | Article Rating: |
|
| December 11, 2012 08:01 AM EST |
GREENWICH, Conn., Dec. 11, 2012 /PRNewswire/ -- Brynwood Partners VI L.P. announced that it has sold its investment in Sun Country Foods, Inc. to Continental Mills, Inc. The transaction closed yesterday and the terms and conditions were not disclosed.
Sun Country Foods, headquartered in Norwood, Massachusetts with a manufacturing facility in Manhattan, Kansas, manufactures and markets the iconic Kretschmer® Wheat Germ brand. Founded in 1936 by Charles Kretschmer, the brand has a 90% market share in the U.S. wheat germ category and is offered in two flavors: Original Toasted and Honey Crunch. Sun Country Foods was formed by Brynwood VI in 2011 to acquire the Kretschmer® Wheat Germ brand from The Quaker Oats Company.
"We are delighted to announce the divestiture of Sun Country Foods, Brynwood VI's second portfolio company sale in the last month," said Hendrik J. Hartong III, Chairman, Sun Country Foods and Senior Managing Partner, Brynwood Partners. "We are grateful to all of the Sun Country Foods employees for their hard work and dedication to the business. We wish Continental Mills much success with this great brand."
"We are very happy with the outcome of this transaction and on behalf of Brynwood Partners, I would like to thank the Continental Mills team as it has been a pleasure working with them," said Ian B. MacTaggart, Managing Partner, Brynwood Partners.
Sun Country Foods was not represented by an investment banker on this transaction.
About Brynwood Partners:
Founded in 1984 and headquartered in Greenwich, Connecticut, Brynwood Partners is an operationally-focused private equity fund that makes control investments in lower middle market companies. Brynwood Partners targets companies operating in the following sectors: (a) consumer products, (b) light manufacturing with low capital intensity and (c) business services.
Brynwood Partners is currently managing over $500 million of private equity capital for its limited partners who include U.S. and international pension funds, fund-of-funds, endowments, high net worth family investment offices and financial institutions. For more information on Brynwood Partners, please visit www.brynwoodpartners.com.
About Sun Country Foods, Inc.:
Sun Country Foods, Inc., headquartered in Norwood, Massachusetts, was formed by Brynwood Partners VI L.P. in November 2011 to acquire the Kretschmer® Wheat Germ brand and its Manhattan, Kansas manufacturing facility from The Quaker Oats Company. For more information on Sun Country Foods, please visit www.suncountryfoodsinc.com.
About Continental Mills, Inc.:
Continental Mills, Inc. is a privately held manufacturer and marketer of prepared flour mixes and related products, located in Tukwila, Washington. The company has strong branded products sold primarily under its Krusteaz® trademark and several licensed brands. The company's products are sold through retail, foodservice, and club store channels throughout the U.S. For more information on Continental Mills, please visit www.continentalmills.com.
SOURCE Brynwood Partners
Published December 11, 2012
Copyright © 2012 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
- Cloud People: A Who's Who of Cloud Computing
- Windows Azure IaaS Reaches General Availability
- AMD and Adobe Collaborate on Upcoming Version of Adobe Premiere Pro Software to Enable Breakthrough Video Editing Performance Through Open Standards
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- Predixion Software Announces General Availability of the Latest Version of its Predictive Analytics Platform
- Cloud Expo New York: Deploying Hybrid Cloud for Performance and Uptime
- Symphony EYC Appoints New Account Manager to Drive Global Opportunities
- Cloud Computing Is Simplifying Things
- Cloud Expo New York: Developing the World’s First IaaS Marketplace
- Session Topics: 12th Cloud Expo / Cloud Expo New York
- Cimtrek announces the general release of its Lotus Notes migrator for Microsoft’s SharePoint platform
- Cloud People: A Who's Who of Cloud Computing
- Cloud Expo New York: Best CIO Practices Shared from SHI’s Customers
- Windows Azure IaaS Reaches General Availability
- AMD and Adobe Collaborate on Upcoming Version of Adobe Premiere Pro Software to Enable Breakthrough Video Editing Performance Through Open Standards
- State and Local Governments Adopt Microsoft Dynamics CRM to Improve Citizen Service Delivery
- New Relic Q1 2013 Blazes Past Growth Targets and Reaches 40,000 Active Customer Accounts
- The PostOpen Event – Why It Is So Important
- The Cover and the Epilogue of the Upcoming Book
- Predixion Software Announces General Availability of the Latest Version of its Predictive Analytics Platform
- Cloud Expo New York: Deploying Hybrid Cloud for Performance and Uptime
- Small Cancers, Big Data, and a Life Examined
- Basho Announces Open Source Riak CS and General Availability of Riak CS Enterprise v1.3
- Google Maps and ASP.NET
- Converting VB6 to VB.NET, Part I
- How to Write High-Performance C# Code
- Crystal Reports XI & How It Has Changed
- Where Are RIA Technologies Headed in 2008?
- Creating Controls for.NET Compact Framework in Visual Studio 2005
- Programmatically Posting Data to ASP .NET Web Applications
- Implementing Tab Navigation with ASP.NET 2.0
- AJAX World RIA Conference & Expo Kicks Off in New York City
- i-Technology Viewpoint: "SOA Sucks"
- .NET Archives: Getting Reacquainted with the Father of C#
- i-Technology Photo Exclusive: Bill Gates & Steve Jobs In "Nerds"






















