2014

Healthy Food Holdings to Acquire Breyers(R) Yogurt Business

    BOULDER, Colo., Jan. 2 /PRNewswire/ -- Healthy Food Holdings, a
 portfolio company of private equity firm Catterton Partners, today
 announced that it has entered into a definitive agreement to acquire
 CoolBrands Dairy, Inc., a subsidiary of CoolBrands International Inc. (TSX:
 COB.A).
     CoolBrands Dairy manufactures and markets yogurt products under the
 Breyers and Creme Savers(R) brands. Breyers is a leading brand of
 "fruit-on-the-bottom" and light yogurt. These strong market positions in
 one of the fastest growing food categories makes Breyers a unique
 complement to Healthy Food Holdings' existing yogurt portfolio, which
 includes the innovative "smooth and crunchy" YoCrunch(R) family of yogurt
 products. Following the transaction, Healthy Food Holdings will become the
 third largest branded yogurt company in America.
     Chuck Marcy, Chief Executive Officer of Healthy Food Holdings, said,
 "Breyers' commitment to high-quality has made it a brand leader in major
 segments of the yogurt category. We are delighted to have the opportunity
 to build the Breyers brand by adding innovative new products and expanding
 retail distribution in all major channels. Together with our existing
 YoCrunch product line, Healthy Food Holdings will be able to offer
 customers differentiated yogurt products that are fast becoming the go-to
 favorites for consumers seeking healthier snack alternatives that don't
 compromise on taste."
     Andrew C. Taub, a Partner at Catterton Partners, said, "Catterton has a
 record of success in building brands and helping them to achieve their full
 potential. With Catterton's financial and operational strength, we expect
 to drive renewed growth and market expansion for Breyers yogurt."
     As previously announced in December 2006, Healthy Food Holdings
 acquired Van's International Foods, Inc., the maker and marketer of Van's
 Waffles, the leading brand of all-natural and organic frozen waffles. This
 makes Healthy Food Holdings a key player in the natural and organic frozen
 foods business.
     About Healthy Food Holdings, LLC
     Healthy Food Holdings, a portfolio company of Greenwich-based private
 equity firm Catterton Partners, is a management holding company for
 branded, "better-for-you" foods. Healthy Food Holdings makes strategic
 investments in high-quality food and beverage companies focused on healthy,
 natural and organic products. In addition to Breyers(R) yogurt products,
 Healthy Food Holdings' current product portfolio includes the YoCrunch
 brand of yogurt products, Van's Waffles, the leading brand of all-natural
 and organic frozen waffles, and Veat Gourmet, which are soy protein
 meat-alternative products, such as Chick'n Free Nuggets, Gourmet Bites,
 Vegetarian Breast and Vegetarian Fillet.
     About Catterton Partners
     With more than $2 billion under management, Catterton Partners is a
 leading private equity firm in the U.S. focused exclusively on the consumer
 industry. Since its founding in 1990, Catterton has leveraged its
 investment capital, strategic and operating skills, and network of industry
 contacts to establish one of the strongest investment track records in the
 consumer industry. Catterton invests in all major consumer segments,
 including Food and Beverage, Retail and Restaurants, Consumer Products and
 Services, and Media and Marketing Services. Catterton has led investments
 in companies such as Build-A-Bear Workshop, Cheddar's Restaurant Holdings
 Inc., P.F. Chang's China Bistro, Baja Fresh Mexican Grill, First Watch
 Restaurants, Frederic Fekkai, Kettle Foods, Farley's and Sathers Candy Co.,
 and Odwalla, Inc. More information about the firm can be found at
 http://www.cpequity.com.
     Contacts:
 
     Healthy Food Holdings / Catterton Partners
     Eric Brielmann / Andrea Salas
     Joele Frank, Wilkinson Brimmer Katcher
     (212) 355-4449
 
 

SOURCE Healthy Food Holdings, LLC

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