North Castle Partners, a Duluth, GA-based private equity firm focused on consumer businesses, acquired a controlling interest in Sprout Organic Foods, Inc., a developer, marketer, and distributor of premium organic foods, primarily serving the baby / toddler market.
The terms of the investment were not disclosed.
Led by newly named CEO Rick Klauser, Sprout Foods provides premium organic foods for babies, toddlers and their families that encourage happy and healthy eating.
Founded in 2009, Sprout uses only organic and GMO-free ingredients and dedicated cooking methods to create nutritious combinations. Its recipes are free of water-reconstituted concentrates, fillers, preservatives and acidifiers.
The company’s products are sold through most national and natural/specialty grocers as well through on-line retailers.
BellMark Partners served as financial advisor to Sprout in the transaction.