TA Associates to Acquire Stonewall Kitchen
“Stonewall Kitchen, known for its high-quality artisan products, has been beloved by consumers around the world since its founding more than 30 years ago,” said Tim Alexander, a managing director at Harris Williams. “The company has thrived in partnership with Audax, and we are excited to see what it achieves in its next chapter with TA.”
“Stonewall Kitchen is building a one-of-a-kind family of brands that spans multiple categories. The brands possess a unique level of cohesiveness from a product positioning and brand ethos standpoint, and when combined with the power of the platform are generating strong growth relative to the categories in which they compete,” added Ryan Freeman, a managing director at Harris Williams.
“The successful expansion beyond food and into high-growth personal care and home fragrances categories speaks to Stonewall Kitchen’s platform strength,” added Kelly McPhilliamy, a managing director at Harris Williams. “The company is successfully executing an exciting strategy that delivers continued runway for growth.”
Stonewall Kitchen is a leading specialty food, home goods and personal care producer headquartered in York, Maine. Founded in 1991 by partners Jonathan King and Jim Stott, the two established the Stonewall Kitchen brand by selling jams and jellies at local farmers’ markets with a flavorful line of distinctive and high-quality products. Over time, they expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service.
Stonewall Kitchen is a premier specialty food and home goods platform in North America, home to a family of premium quality brands including the flagship Stonewall Kitchen brand; the Vermont Coffee Company brand of high quality, non-GMO, certified organic coffee; the Urban Accents brand of globally-inspired spice mixes, seasonings, and sauces; the Village Candle brand of fragranced candles, gifts, and accessories; the Tillen Farms brand of pickled vegetables and cocktail cherries; the Napa Valley Naturals brand of olive oils, culinary oils, balsamic vinegars, and wine vinegars; the Montebello brand of artisan organic pasta imported from Italy; the Vermont Village brand of organic apple sauce and apple cider vinegars; the Michel Design Works brand of elegantly designed and crafted personal and home care products; and the Legal Sea Foods brand of restaurant-quality seafood sauces and condiments. The company boasts national and international distribution; a thriving catalog and online division; a cafe in York, Maine; and 10 retail stores throughout New England.
As winners of more than 30 prestigious awards from the Specialty Food Association and the recipient of the coveted Outstanding Product Line Honors three times, Stonewall Kitchen is proud to be one of the most awarded specialty food companies in the country.
Stonewall Kitchen’s origins are explored in the March issue of Gourmet News.
Kraft Heinz to Appoint Patricio as Chair, Park to Board
The Kraft Heinz Company announced that the Board of Directors intends to appoint Chief Executive Officer Miguel Patricio as chair, subject to his re-election at the Kraft Heinz 2022 Annual Meeting of Stockholders. Chair of the Board of Directors Alexandre Behring will retire following the end of his term.
The Company also announced that the Board of Directors has nominated James Park of Fitbit at Google to stand for election at the Kraft Heinz 2022 Annual Meeting.
Park, 45, is a technology entrepreneur who co-founded Fitbit, Inc., a connected health and fitness company that was acquired by Google in January 2021. Park is vice president and general manager, Fitbit at Google. He previously served as CEO and president, and member of the board of directors of Fitbit since 2007, and as chairman of the board of directors from 2015, until its acquisition. He is a leader in the technology industry with a strong track record of ideating and operating successful technology companies.
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For more foods and beverages industry updates, subscribe to Gourmet News monthly publication and weekly newswire.
San Joaquin Valley Olive Oil Competition Under Way
Entries are being accepted for the 7th annual San Joaquin Valley Olive Oil Competition. Extra virgin olive oil and flavored olive oil entries from commercial producers in the state of California are eligible; olive oil must be made from producers’ most recent olive harvest. Deadline for entries is March 25.
“The San Joaquin Valley Olive Oil Competition continues to draw in the best of olive oil producers from throughout California – and we are honored to continue to showcase and recognize them – especially those from the Valley with our special ‘Best of the Valley’ award,” said Stacy Rianda, Deputy Manager of The Big Fresno Fair.
Participating producers must enter their harvest into one of two different classes: Extra Virgin Olive Oil and Flavored Olive Oil. Competition categories in the Extra Virgin Olive Oil class include Spanish Blends (arbequina, arbosana, etc.); Spanish Singles; Italian Blends (ascolano, etc.); Italian Singles; Other Blends (picholine, barouni, etc.); Other Singles. Competition categories in the Flavored Olive Oil class include Citrus; Herbal (rosemary; basil, etc.); Pepper (chile, jalapeno, habanero, etc.); and Other Flavors (garlic, truffle etc.).
Awards will be given for gold and silver medals in each category, as well as one overall Best of Show in both the Extra Virgin Olive Oil category, Flavored Oil category and the Best of the Valley award.
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Producers may submit multiple entries under one category, but may not submit a particular entry to more than one category. All entries must be available for commercial sale at the time of entry. Judging will be held on April 6 and winners will be announced on April 14 by 5 p.m.
Last year, 55 entries from throughout California were received. For a complete 2021 winners list, go to www.FresnoFair.com/SJVOOC.
For specialty food industry updates, subscribe to Gourmet News.