Hometown Food Acquires Two Brands from Hain Celestial
Oct. 12, 2019
Arrowhead Mills and SunSpire plus a manufacturing facility in Hereford, Texas. were bought for $15 million.
Hometown Food Co., which was formed in June 2018 by investment firm Brynwood Partners, made a small acquisition in the healthy foods space.
Arrowhead Mills and SunSpire brands were acquired from Hain Celestial Group for $15 million. The transaction includes a manufacturing facility in Hereford, TX and its employees.
Arrowhead Mills makes baking and breakfast products. SunSpire is a producer of "wholesome" chocolates, both chocolate candy and baking chocolate.
Hometown Food, Chicago, was created last year by Brynwood to acquire a handful of mostly Pillsbury shelf-stable baking products from J.M. Smucker Co., including some Hungry Jack, White Lily, Jim Dandy and Martha White brands.
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