Butterfly, a Los Angeles-based private equity firm specializing in the food sector, closed the already announced acquisition of Bolthouse Farms from Campbell Soup Company (NYSE:CPB), for $510m.
Founded in 1915 and based in Bakersfield, CA and Santa Monica, CA, Bolthouse Farms is a vertically integrated food and beverage company focused on developing, manufacturing and marketing natural products.
The company has market positions in fresh carrots and refrigerated premium beverages in the U.S., along with a strong presence in refrigerated salad dressings.
Bolthouse Farms benefits from access to over 65,000 acres of premium growing land, nationwide fresh distribution capabilities, and a carrot and beverage processing facility.
The company has approximately 2,200 employees and operates facilities in Bakersfield, California, Hodgkins, Illinois, Wheatley, Ontario and Prosser, Washington.
As of today, Butterfly Operating Partner Jeff Dunn assumes the role of CEO of Bolthouse Farms, where he previously served as President and CEO from 2008 until 2012, when it was acquired by Campbell Soup Company.
He continued leading the business for Campbell Soup Company from 2012 until his departure from the company in 2016.
FinSMEs
18/06/2019