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Newell Rubbermaid to Buy Contigo Parent Ignite USA
North Castle Partners and its co-investors have entered into a definitive agreement to sell Chicago-based Ignite USA LLC – a leading developer and marketer of reusable, environmentally friendly thermal mugs and hydration bottles primarily sold under the Contigo brand – to Newell Rubbermaid for a purchase price of $308 million.  For North Castle Partners, a leading private equity firm focused on consumer businesses that promote healthy, active and sustainable living, the transaction represents its first sale of a portfolio company from its recently closed fifth fund.  North Castle invested in Ignite in March 2013. Ignite, through its Contigo and Avex ...
World Tea, Healthy Beverage Expos Will Return to Southern California
World Tea Expo and Healthy Beverage Expo will return to Southern California in 2015, with Long Beach, Calif., as the official host city for the second year in a row.  World Tea Expo will take place May 6-8 and Healthy Beverage Expo May 6-7. The two business-to-business expos are scheduled for the Los Angeles region after a highly successful run this May at the Long Beach Convention & Entertainment Center, where the events will be held again.  Healthy Beverage Expo focuses on better-for-you beverages with healthful ingredients, facilitating the dialogue surrounding what “healthy” means to the industry and ultimately the ...
KeHE Acquires Nature’s Best
KeHE Distributors LLC , based in Naperville, Ill., has agreed to acquire Nature’s Best – a California-based distributor of health and natural food products. According to the company, the combined resources of KeHE and Nature’s Best will expand its national distribution capabilities, broaden its natural and organic expertise, and enhance distribution solutions across all food retail channels. “We are thrilled to welcome Nature’s Best into the KeHE family,” stated Brandon Barnholt, KeHE’s president and chief executive officer. “The addition of this great group of people and long-standing tradition of service fits perfectly into our operations.” Barnholt continued, “Nature’s Best two LEED Gold ...
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