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.
Alkame Acquires Jams & Jellies Brands
Alkame Holdings’ wholly owned subsidiary, West Coast Copacker, has acquired two specialty food jams and jellies brands: Maury Island Farm and Quinn’s Pepper Jellies. The acquisition includes intellectual property, inventory and production equipment. The acquisitions were completed without issuance of any company stock.
Both product lines are native to the Pacific Northwest with fruits and ingredients procured from the local region and handcrafted in small batches. The integrity of these long-standing brands will continue as the acquisition allows a seamless transition for both companies to work together in ensuring a smooth and speedy integration.
Although these regional jams and jellies brands have a long history of annual revenue in the $700,000 to $1 million range, the West Coast Copacker capabilities look to exceed the revenue models by up to four times within the first year or two. Expectations are to grow these brands into additional regions toward a national brand status.
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Keep up with the latest specialty foods news by subscribing to Gourmet News.
Boring Residents Offer Sweet Tradition
By Lorrie Baumann
The co-Founders of Hip Chick Farms have uprooted themselves from the California company they started in 2013 and embarked on a new venture that will specialize in snack products focused on wellness. A Boring Life, the new company started by Serafina Palandech and Jennifer Johnson, launched its first products last year and is now introducing nuts and fruits preserved in honey to the market.
“My family is from Montenegro, and when we go back there, we come back with jars of nuts and fruits in honey, which is a traditional way of preserving the produce for them,” said Palandech, who is Chief Executive Officer as well as co-Founder of A Boring Life. “There’s nothing like that here.”
Their new product has already achieved retail distribution in specialty markets, where it’s being embraced as a partner for cheese. “It’s unlike anything out there. Pour it over a piece of brie for a beautiful appetizer,” Palandech said, adding that consumers also enjoy the raw honey products at breakfast time.
The company’s name is a reference to Boring, Oregon, a community near Portland where the couple are now making their home after the sale of Hip Chicks Farms, which produced frozen chicken products. With that business behind them, Palandech and Johnson began thinking about how they’d start a new food business in the small Oregon town that offered the benefit of being near where Palandech’s family had been living for the past 15 years. “I love creating companies. I love creating brands,” Palandech said. “Jen [Johnson] is a chef, and she wanted to create snack products focused on wellness.”
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Those first products, introduced last year, are packaged nuts with enough hemp extract in each blend to offer 25 mg of full-spectrum hemp extract per 1-ounce bag. There are two snack blends: Roasted Almonds with a Hint of Lavender and Roasted Almonds, Dark Chocolate and Sea Salt. The lavender in the blend comes from their new home farm, where Palandech and Johnson grow about 1,000 lavender plants on a couple of acres. “It’s a very popular crop in the area because it grows so well in our little microclimate in Oregon,” Palandech said. “I’m good at making food and making brands. Farming, I don’t think is my expertise, but lavender is very forgiving.”
The newest product uses raw honey sourced from hives on their property along with honey raised on another 800 hives around Klackamas County, Oregon. Almonds and walnuts for the products come from a third-generation farmer in California, and most of the fruits are sourced from Oregon growers, Palandech said. “There is a thriving and supportive food and beverage industry here that we’ve been able to tap into, and I love being part of it,” she said.
The raw honey products are packed in 7-ounce jars. Boring Bees combines the honey with figs, apricots, dried blueberries, walnuts, pecans, almonds, cashews and pumpkin seeds. Hot Honey is raw honey with chiles and walnuts, and Lavender Honey is raw honey with dried lavender and almonds. The suggested retail price for each 7-ounce jar is $6.99.
Distribution for the honey products is through DPI. For more information, visit www.aboringlife.com.
