Hometown Food Company ("Hometown Foods"), a wholly-owned portfolio company of Brynwood Partners VII L.P. and Brynwood Partners VIII L.P., is pleased to announce that it has acquired the Arrowhead Mills and SunSpire brands from The Hain Celestial Group, Inc. for $15 million subject to customary post-closing adjustments. The transaction includes a manufacturing facility in Hereford, TX and its employees.
"We are delighted to announce the acquisition of the Arrowhead Mills and SunSpire brands into Hometown Foods," said Henk Hartong, chairman and CEO of Brynwood Partners. "Arrowhead Mills and SunSpire were pioneers in the organic, non-GMO ingredients space and we are excited to add these tremendous brands to our portfolio. This acquisition strengthens our industry position by adding improved capabilities in the better-for-you space that we plan to extend into our other categories."
Arrowhead Mills has a rich heritage based on its simple mission to provide organic, high-quality products to its customers. Arrowhead Mills competes primarily in the baking and breakfast categories. The brand was founded in 1960 in the Texas Panhandle by Frank Ford, a pioneer in organic farming. The Arrowhead Mills brand is a leader in the better-for-you space with a national retail presence.
SunSpire is a producer of wholesome chocolates all made with the world's richest cocoa beans. The brand's products offer health-conscious consumers an assortment of innovative products including baking chocolate and chocolate candy. SunSpire's baking chips and chocolate bars include rich, indulgent, Fair Trade, organic and alternative products. SunSpire products are made with the simplest ingredients available that are completely free of refined sugars, hydrogenated oils, trans-fats, preservatives and artificial flavors.