GREENWICH, CONN. — Private fairness firm L Catterton has acquired greater-for-you foodstuff brand Kodiak Cakes for an undisclosed amount of money. Present shareholders together with Dawn Strategic Partners, Trilantic North The us and the company’s founders and administration workforce will keep on to individual a major minority stake in the organization.
Based in Park Metropolis, Utah, Kodiak Cakes delivers an assortment of whole grain pancake and waffle mixes, frozen waffles and pancakes, oatmeal, baking mixes and snacking items. The corporation is led by co-founder and chief government officer Joel Clark and co-founder and president Cameron Smith. Products and solutions are offered in 26,000 doors nationwide.
“In pinpointing a spouse for Kodiak’s subsequent period of growth, it was crucial to find a staff with the knowledge and abilities to guidance our mission of supplying an unbeatable array of fantastic tasting and healthy solutions for our buyers who are actively navigating today’s frontier,” Mr. Clark explained. “L Catterton shares our eyesight, and their monitor document of helping expand legendary CPG makes makes the firm an perfect husband or wife for Kodiak as we keep on to propel our organization forward.”
L Catterton has invested in a selection of client items brands, which include Cholula, The Truthful Co., Kettle Chips, Zarbee’s, Home Chef, Ainsworth Pet Diet, Plum Organics, Wellness Pet Food items, YoCrunch, Ferrara Candy Co. and Sweet Leaf Tea.
“We are thrilled at the opportunity to companion with Joel and his exceptional management crew for the future chapter in Kodiak’s evolution,” mentioned Matt Leeds, companion at L Catterton. “We look ahead to supporting Kodiak’s ongoing accomplishment in the years to come, and we are honored to welcome this sort of a beloved brand into the L Catterton spouse and children.”
