Popcornpolis sold to Barcel USA; NexPhase Capital exits investment
NexPhase Capital, LP (“NexPhase”), an operationally-focused private equity firm, has announced the sale of Popcornopolis LLC (“Popcornopolis”) to Barcel USA, the U.S. snack division of Grupo Bimbo S.A.B. de C.V. and manufacturer of snack brand Takis. Terms of the transaction were not disclosed.
Popcornopolis was founded in 2003 by entrepreneurs Wally and Kathy Arnold, who set out to create the world’s best gourmet popcorn. Today, Popcornopolis is a manufacturer and marketer of high-quality, indulgent, ready-to-eat popcorn snacks, including Zebra, Unicorn, and Double Drizzle varieties. Popcornopolis is recognized for its innovative and one-of-a-kind cone-shaped packaging, with products available across Club, Food, Drug, Mass, Convenience, and E-Commerce channels.