PALO ALTO, Calif., May 20, 2015 /PRNewswire/ -- Altamont Capital Partners ("Altamont"), the San Francisco Bay Area-based private equity firm, announced today that Todd Lachman has joined the firm as an Operating Partner. Mr. Lachman will focus on investment opportunities in the consumer sector, with a particular focus on consumer packaged goods.
Mr. Lachman joins Altamont following a distinguished 25-year career leading global businesses in the consumer sector. His experience spans a variety of segments, including pet care, confectionery, food and household goods, where he has consistently delivered profitable growth and value creation through breakthrough marketing, brand revitalization and portfolio realignment. Most recently, Mr. Lachman was the Global President of the Mars Petcare business, the global leader in the +$70 billion pet food category, where he generated market share gains driven by organic growth and multiple acquisitions, including the multi-billion dollar acquisition and successful integration of Iams/Eukanuba from Procter & Gamble. Prior to this role, Mr. Lachman served as President of the Mars Chocolate business in North and Latin America, where he substantially improved sales growth and market share, as well as margins, through executing a comprehensive cost reduction plan and reinvigorating a number of core brands. Prior to Mars, Mr. Lachman held senior management roles at Del Monte Foods Company, H.J. Heinz Company, and Procter & Gamble.
Jesse Rogers, Managing Director of Altamont, commented: "We are thrilled to partner with Todd. He brings a wealth of relevant experience and leadership capabilities to the team, demonstrated by the outstanding results he has delivered throughout his successful career."
"We are excited that Todd has joined the team," said Altamont Managing Director Casey Lynch. "His demonstrated ability to lead a variety of consumer businesses and his experience building teams to deliver profitable growth will be an incredible asset to our firm."
Mr. Lachman added: "I am thrilled to join the very talented Altamont team to explore compelling investment opportunities in the consumer sector. Altamont's track record of successfully acquiring and adding value to businesses makes the firm a perfect partner. I am confident that our unique combination of skills and experience will generate exceptional investments and deliver attractive financial returns."
About Altamont Capital Partners
Altamont Capital Partners is a private investment firm based in the San Francisco Bay Area with over $1 billion of capital under management. Altamont is focused on investing in middle market businesses where it can partner with leading management teams to help its portfolio companies reach their full potential. The firm's principals have significant experience building business success stories across a range of industries including financial services, government services, consumer/retail, industrials and healthcare.
SOURCE Altamont Capital Partners