440:, Pretzel Flipz, Treasures, and Turtles, resurrecting the dormant DeMet's Candy Company name. DeMet's started in 1898 as a candy store business and soda fountain shop by George DeMet of Chicago — subsequently creating Turtles candies. After a series of mergers and acquisitions, DeMet’s was purchased by NestlĂ© in 1988. In 2007, Signature Snacks, then owned by Brynwood, acquired the DeMet’s brand from NestlĂ©. Former NestlĂ© USA executive Hendrik Hartong III is chairman of the company. In 2013, Brynwood sold the company to
27:
461:
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brand from Nestle USA Inc., acquiring at the same time the 280,000-square-foot (26,000 m) Turtles production facility in
Toronto, Canada — merging the acquisition with a company it owned at the time, Signature Snacks Company.
248:
food products and frozen pizzas. The company produces over 50 million frozen pizzas and more than 20 million finished crusts annually, reporting more than $ 200 million in yearly sales, and producing
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After more than 11 months on strike, the company was required by a court ruling to reinstate the workers. However, shortly thereafter, the company announced in July 2009 that it would close the
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The company's managing partners include
Hendrik "Henk" J. Hartong, Jr. (co-founder), who managed Air Express International in the mid-1980s until its 1.15-billion-dollar acquisition by
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in 1999. Other managing partners include
Hendrik J. Hartong III, Ian B MacTaggart, Dario U. Margve, Kevin C. Hartnett, Joan Y. Mccabe and Nicholas DiCarlo (CFO).
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Brynwood received negative attention for its role in the work stoppage and sale of Stella d'Oro, including a reference in an op-ed piece by the
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375 million, "Brynwood created
Hometown Food" to run that asset. In October 2019, Hometown Food acquired grain-based foods manufacturer
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went on strike citing proposed pay and benefit cuts and later picketed the company's attempt to bring in replacement workers.
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475:, a large manufacturer of snack foods, which intended to relocate Stella D'Oro's production to a non-union facility in
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646:"It Takes Two Working in tandem, Richelieu Foods' pizza plants in Ohio and Wisconsin are a productivity powerhouse"
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394:(2012-2021), L. A. Looks, Salon Graphix, Thicker Fuller Hair, Zero Frizz hair products and Dr. Fresh, Firefly,
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994:"OP-ED: It's Time to Restrict Private Equity, Too often employees are the losers in leveraged buyouts"
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Subsequently, Brynwood consolidated its portfolio of confectionery acquisitions, which included
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353:. One of the world's 100 largest confectionery companies, Pearson's makes Pearson's Mints,
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537:"Richelieu Foods Acquires Sara Lee's Sauces and Dressings Foodservice Business"
634:. Boston Business Journal, Feb 23, 2009, Lisa van der Pool. February 23, 2009.
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facility. In
September 2009, Brynwood announced the sale of Stella D'Oro to
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for $ 15 million. The deal includes a manufacturing plant in
Hereford, Texas.
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Bakery, Confectionery, Tobacco
Workers and Grain Millers' International Union
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In 2004, Brynwood acquired New York-based freight forwarder IJS Global Inc.
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943:. The New York Times, Marc Santora, December 26, 2008. December 27, 2008.
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673:. Air Cargo Magazine, November 18, 2005, Vol.4 No. 123. Archived from
596:. The New York Times, Daniel Cuff, January 10, 1989. January 10, 1989.
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957:. Greenwich Times, Richard Lee, September 1, 2009. September 2009.
570:. Soyatech.com, Connecticut Post, December 6, 2009. Archived from
539:. Richelieu Foods Press Release, September 2, 2008. Archived from
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155:
141:
843:"Income generation gap. (Top 100 Global Confectionery Companies)"
787:"Private equity company acquires two brands from Hain Celestial"
254:
1044:
915:. The New York Times, July 6, 2009, Jennifer Lee. July 6, 2009.
568:"Private Equity Firm Buys Balance Bar Brand From Kraft Foods"
313:
In 2018, Brynwood
Partners bought the Funfetti, Hungry Jack,
594:"BUSINESS PEOPLE; Revived Air Express Picks Chief Executive"
398:
oral health products and Binaca breath freshening products.
761:"J.M. Smucker Co. Closes $ 375M Deal With Hometown Food Co"
333:
and baking and confectionery manufacturer SunSpire from
1017:"Focus On The Consumer: Q&A With Brynwood Partners"
929:. The New York Times, August 21, 2009. August 21, 2009.
735:"Nestlé to sell Juicy Juice brand to Brynwood Partners"
189:
Since its founding in 1984, the firm, headquartered in
611:"Richelieu experiences hiring boom, starts expansion"
690:"40-30-30: It Isn't Some Kind Of Debt/Equity Metric"
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405:acquired a controlling stake in High Ridge Brands.
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927:"Buyer Said to Emerge for Brynwood's Stella D'Oro"
632:"There's new appetite for peddlers of cheap eats"
1284:Financial services companies established in 1984
901:. The New York Post, John Koshman, May 10, 2009.
867:Brynwood Partners to Sell Maker of Turtles Candy
613:. WCFcourier.com, RC Balaban, August 27, 2006.
1129:History of private equity and venture capital
1056:
968:Stella D'Oro protesters lean on Goldman Sachs
955:"Brynwood considers options for Stella D'oro"
8:
941:"No Sweets When Striking the Cookie Factory"
648:. Refrigeratedfrozenfood.com. Archived from
417:, a line of yogurt-covered pretzels made in
19:
970:. New York Daily News, September 29th 2009
1063:
1049:
1041:
913:"Stella D'oro Factory to Close in October"
818:. Gannett. August 22, 2011. Archived from
18:
1279:Companies based in Greenwich, Connecticut
1274:Private equity firms of the United States
709:"Nestlé USA unloads stake in Juicy Juice"
562:
560:
558:
302:In 2014, Brynwood Partners acquired the
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16:American private equity investment firm
885:Kraft Says Arrivederci to Stella D'Oro
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980:A Last Batch at a Bakery in the Bronx
812:"St. Paul's Pearson's Candy Co. sold"
460:. On August 4, 2008, workers of the
240:In 1988, Brynwood Partners purchased
7:
1289:1984 establishments in Connecticut
982:. New York Times, October 6, 2009
382:High Ridge Brands is the owner of
14:
992:Richard Trumka (April 13, 2010).
321:and Jim Dandy baking brands from
253:products for companies including
841:Rogers, Paul (January 1, 2003).
486:'s Richard Trumka, published in
283:In 2004, Brynwood Partners sold
25:
1134:Early history of private equity
785:Nunes, Keith (8 October 2019).
759:Marchat, Alissa (Sep 4, 2018).
349:, which was founded in 1909 in
163:Footnotes / references
688:Beina Xu (November 23, 2009).
1:
897:Kosman, Josh (May 10, 2009).
428:In 2007, Brynwood bought the
408:
707:Rothman, Max (2 July 2014).
403:Clayton, Dubilier & Rice
1149:Private equity in the 2000s
1144:Private equity in the 1990s
1139:Private equity in the 1980s
345:In 2011, Brynwood acquired
178:investment firm focused on
49:; 40 years ago
1305:
1015:Beina Xu (June 30, 2009).
733:Bray, Chad (2 July 2014).
1238:
1200:High-net-worth individual
1175:Corporate venture capital
899:"Not the Original Recipe"
452:In 2006, Brynwood bought
413:In 2003, Brynwood bought
161:
24:
872:January 4, 2014, at the
454:Stella D'Oro Biscuit Co.
323:The J.M. Smucker Company
306:brand and business from
293:Screaming Yellow Zonkers
1021:The Wall Street Journal
998:The Wall Street Journal
694:The Wall Street Journal
489:The Wall Street Journal
347:Pearson's Candy Company
207:Pearson's Candy Company
65:Hendrik J. Hartong, Jr.
1205:Institutional investor
285:Lincoln Snacks Company
267:Hannaford Brothers Co.
191:Greenwich, Connecticut
86:Hendrik J. Hartong III
74:Greenwich, Connecticut
1248:Venture capital firms
1230:Sovereign wealth fund
849:. The Gale Group, Inc
409:DeMet's Candy Company
351:Saint Paul, Minnesota
340:
1243:Private equity firms
671:"AEI Execs Team IJS"
543:on February 12, 2010
335:Hain Celestial Group
1253:Portfolio companies
1084:Investment strategy
822:on January 27, 2013
271:BJ's Wholesale Club
263:Shaw's Supermarkets
184:control investments
21:
739:The New York Times
469:Kingsbridge, Bronx
373:Former Investments
193:, has raised five
98:Ian B. MacTaggart
1261:
1260:
1210:Insurance company
765:The Shelby Report
677:on June 20, 2010.
513:Brynwood Partners
509:"INVESTMENT TEAM"
447:
378:High Ridge Brands
172:Brynwood Partners
169:
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156:Brynwood Partners
121:
114:
107:
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20:Brynwood Partners
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1111:Leveraged buyout
1078:investment firms
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1036:Official website
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574:on March 3, 2016
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355:Salted Nut Rolls
244:, a supplier of
217:, Mint Patties,
195:investment funds
180:leveraged buyout
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130:Leveraged buyout
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109:Nicholas DiCarlo
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1008:Further reading
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874:Wayback Machine
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492:in April 2010.
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341:Pearson's Candy
331:Arrowhead Mills
242:Richelieu Foods
238:
215:Salted Nut Roll
174:is an American
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401:In June 2016,
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176:private equity
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652:on 2011-07-15
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477:Ashland, Ohio
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415:Pretzel Flipz
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390:, Vo5, Rave,
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289:Fiddle Faddle
287:, which made
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251:private label
247:
246:private-label
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147:$ 250 million
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1225:Pension fund
1180:Crowdfunding
1020:
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887:. Billboard
880:
862:
851:. Retrieved
846:
836:
826:December 29,
824:. Retrieved
820:the original
815:
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794:. Retrieved
790:
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768:. Retrieved
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742:. Retrieved
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716:. Retrieved
712:
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675:the original
665:
654:. Retrieved
650:the original
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576:. Retrieved
572:the original
545:. Retrieved
541:the original
516:. Retrieved
512:
503:
487:
481:
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451:
448:Stella D'Oro
435:
427:
419:Mohnton, Pa.
412:
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381:
344:
315:Martha White
312:
301:
282:
279:
239:
227:
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171:
170:
162:
142:Total assets
70:Headquarters
1106:Secondaries
458:Kraft Foods
367:Bit-O-Honey
359:Nut Goodies
304:Juicy Juice
236:Investments
223:Bit-O-Honey
203:Balance Bar
199:Juicy Juice
1268:Categories
853:2008-03-19
656:2010-06-14
496:References
473:Lance Inc.
392:White Rain
275:Sam's Club
259:Save-A-Lot
211:Nut Goodie
182:and other
116:Guy Einav
82:Key people
1190:Endowment
1158:Investors
1101:Mezzanine
430:"Turtles"
319:Pillsbury
297:Poppycock
101:President
870:Archived
770:April 7,
744:15 March
718:16 March
578:June 14,
547:June 14,
518:April 7,
363:Bun Bars
219:Bun Bars
126:Products
90:Chairman
34:Industry
1121:History
1091:Venture
816:Kare 11
484:AFL-CIO
421:, from
152:Website
62:Founder
52: (
44:Founded
1096:Growth
796:21 May
713:BevNet
423:Nestlé
308:Nestlé
205:, and
103:&
76:, U.S.
456:from
438:Stixx
396:Reach
384:Coast
92:&
1074:and
828:2011
798:2021
772:2019
746:2018
720:2018
580:2010
549:2010
520:2019
388:Zest
365:and
325:for
295:and
273:and
255:Aldi
221:and
54:1984
47:1984
269:,
225:).
119:CCO
112:CFO
105:COO
94:CEO
1270::
1019:.
996:.
845:.
814:.
789:.
763:.
737:.
711:.
692:.
619:^
602:^
557:^
528:^
511:.
479:.
444:.
425:.
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369:.
361:,
357:,
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299:.
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1000:.
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748:.
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696:.
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551:.
522:.
209:(
56:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
