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Balance Bar Divested From Brynwood Partners’ Holdings
Brynwood Partners VI L.P. announced it has sold its portfolio company, Balance Bar Co., to NBTY Inc., a global leader in vitamins, supplements and active nutrition products, and a portfolio company of The Carlyle Group. Balance Bar, founded in 1992 and acquired by Brynwood VI from Kraft Foods Inc. in 2009, has been an innovator in the nutrition/energy bar category. The company, which is headquartered in Valhalla, N.Y., is one of the leading brands in the high-growth $1 billion nutrition/energy bar category. “We are delighted to announce the divestiture of Balance Bar, which was our first investment in our most ... |
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Harry & David Opens Seasonal, Free-Standing Stores
Harry & David has opened five seasonal stores and nine free-standing gifting centers for the holiday season. The locations are at Paseo Colorado Mall, Topanga Plaza, South Coast Plaza, The Oaks and Promenade In Temecula, in California: Westfield Fox Valley Mall and Yorktown Center in Illinois; North Shore Mall, Solomon Pond and Natick Mall in Massachusetts; Westfield Annapolis in Maryland; Park City Center in Pennsylvania; and Virginia’s Dulles Town Center and Tyson’s Corner. At a time when holiday entertaining is at its peak, these new locations will allow for easy on-the-go purchasing for Harry & David customers across the country. ... |
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Thirsty Ventures Partners With Green Mountain Co-Pack
Green Mountain Co-Pack (GMCP), the Vermont boutique-style specialty food and beverage manufacturer, has built a new 20,000-square-foot production facility in Williston, Vt., and is joining forces with Thirsty Ventures Inc., parent company of Powell & Mahoney Ltd. Vintage Original Cocktail Mixers, to increase output, reduce turnaround times and enhance quality. “We see exciting things in the future,” said Jeff Mitchell, GMCP’s founder. “It is great to see the company grow, but I am also excited about tasting all the excellent new, natural foods and beverages we will be able to produce. ” As GMCP settles into its new facility, the ... |
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Tully’s Enters Asset Purchase Agreement With Kachi Partners
TC Global Inc., the parent company for Tully’s, a specialty coffee retailer based in Seattle, has entered into a “stalking horse” asset purchase agreement (APA) with Kachi Partners, an entrepreneurial finance group. Tully’s submitted the APA to the Bankruptcy Court on Nov. 26 and intends to conduct a court-supervised auction of its business under Section 363 of the U.S. Bankruptcy Code later this year. “With this agreement in place with Kachi, we believe the business is positioned to emerge from this process in early 2013 and that we will be a much stronger company as a result,” said Scott Pearson, ... |
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Whole Foods Launches Travel Company for Active Foodies
Whole Foods Market has launched Whole Journeys, a new travel venture targeting food lovers and culture buffs with a passion for the outdoors. Whole Journeys connects foodies with active lifestyles with the cultural and culinary traditions of worldwide destinations such as The Dolomites, Cappadocia, Provence, Shangri-La and more. Travelers walk, hike or bike through the adventures as they explore the foods, farms and events that make a region unique. While levels of exertion and food experiences vary, all itineraries are designed to support local communities, respect the environment and encourage travelers to share each destination’s unique food cultures with one ... |
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NYIGF Sustainability Project Showcases Eco-Friendly Resources
Eco-friendly gifts, home and lifestyle products will be showcased at the winter 2013 edition of the New York International Gift Fair (NYIGF) through the SustainAbility: Design for a Better World program. In addition to eco-friendly and socially responsible products, the display will showcase sustainable materials and production processes from a selection of exhibitors in Artisan Resource, a new GLM-managed trade show matching artisanal craft producers and production resources with U.S.-based volume importers, direct import retailers and wholesalers, which runs concurrently with NYIGF, Jan. 27-29, 2013, at the Passenger Ship Terminal’s Pier 92. Since 2007, NYIGF’s green initiative has combined a ... |
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Alexian Paté Back on Track After Superstorm Sandy
Neptune, N.J.-based Alexian Paté is fully operational following an extended power outage due to Superstorm Sandy. Unable to receive orders and ship products for the two weeks following the storm, Alexian began shipping again on Nov. 12. Due to the high seasonal demand, the company said it has added more shifts to ensure every order is completed in full. “Please be assured that all products shipped out of our plant are perfectly clean,” said owner Laurie Cummins. “Our USDA inspector is on site, our water supply was not affected by the storm and all sanitation protocols have been performed, monitored ... |
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Kretschmar Strengthens Alliance With Make-A-Wish
Kretschmar Premium Deli Meats and Cheeses is deepening its involvement with nonprofit organization Make-A-Wish, which grants the wishes of children with life-threatening medical conditions. As part of its donation of more than $100,000 to assist with year-round support announced earlier this summer, Kretschmar will help grant three specific wishes of children between now and June 30 of next year. Kretschmar will help expand awareness for Make-A-Wish through a campaign called “Legendary Wishes.” In addition to granting three wishes, the effort will also consist of year-round support with food donations and cookout events for local Make-A-Wish chapters across the country. The ... |
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Call for Ambiente Exhibitor New Products
Gourmet Business is preparing a preview of housewares and tabletop products that will be introduced at Ambiente. If your company has a new product that is debuting at the show, please email jkarp@gourmetbusiness.com the following information: Product name, company name, company phone number, company website, Ambiente trade show booth number, a brief description of the product(s) and a suggested retail price.Please submit between 75 to100 words about what makes your product special. Include a few sentences about the design, materials, unique qualities or inspiration behind your product.Also include a high-resolution jpg image of your product. A single product shot is preferred ... |
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Wal-Mart Launches Gourmet Food Subscription Service
Wal-Mart Stores Inc. is now playing in all retail segments, this week launching a specialty food business called Goodies Co., a monthly food subscription service for consumers “to savor delectable foods and discover new items,” the retailer said in a company announcement.For $7 a month, including tax and shipping, subscribers will receive a gift box at their doorstep filled with five to eight hand-picked taster samples ranging from healthy and organic to artisan and ethnic. The new Goodies Co. box was created by the retailer’s @WalmartLabs. Wal-Mart has been testing Goodies Co. for the last few months with more than ... |
