USA: Norwest Equity Partners acquires Red Monkey Foods

Investment firm Norwest Equity Partners has acquired Red Monkey Foods from San Francisco Equity Partners.

Red Monkey Foods is a manufacturer of organic, private label spices and seasonings, as well as the branded salts San Francisco Salt Company and Epsoak, and operates three facilities.

Commenting on the deal, NEP Partner Sundip Murthy said: “Red Monkey continues to deliver strong sales growth and provides a compelling value proposition to customers and consumers. The NEP team is excited to partner with management to further build the business into an even stronger and diversified, industry-leading company”.

Scott Bolonda, Red Monkey Foods CEO, added: “We were attracted to NEP from the onset due to their partnership approach and appetite to help accelerate building our business together. We continue to see strong growth in our space and look forward to capitalizing on the compelling trends with the resources of our new partner”.

Financial terms were not disclosed.

Source: FoodBev