who owns bolthouse farms

We use cookies to provide you with a better experience. Headquartered in Bakersfield, Calif., Bolthouse Farms has nearly 100 years of farming expertise and innovation. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. As part of the transaction, Butterfly’s Operating Partner Jeff Dunn will assume the role of CEO of Bolthouse Farms. of Bolthouse Farms following the close of the transaction, which is expected to occur this summer. Bolthouse Farms provides agricultural operations. The Camden, N.J.-based company previously announced the sales of Garden Fresh Gourmet and a refrigerated soup plant in Everett, Wash. “Bolthouse Farms holds a special place in the produce industry, and my team and I are deeply committed to strengthening and broadening Bolthouse Farms’ unique legacy,” Mr. Dunn said. The company employs approximately 2,200 people and has facilities in Bakersfield; Hodgkins, Ill.; Wheatley, Ont. Bolthouse Farms General Information Description. Bolthouse Farms is owned by Campbell Soup Co. Operations. The Company offers farming, product development, and marketing services, as well as provides irrigation and soil depletion prevention programs. Butterfly's other Co-Founder, Adam Waglay, added, “We are thrilled to partner with a vertically-integrated produce and fresh food leader with a history as rich as Bolthouse Farms, and we believe the company’s future is very bright especially given the continued rise of plant-based food in the diet of today’s consumer.". Bolthouse Farms grows its carrots year-round and ships more than 35,000 tons of Bugs' favorite every month. Bolthouse Farms provides agricultural operations. The company. The Bolthouse family sold the company to Chicago-based private equity firm Madison Dearborn Partners LLC in 2005. simple meals business, Nestle to sell North America pasta business to private equity firm, Smucker to sell U.S. baking business to private equity firm, Tyson Foods to sell pizza crust business to private equity firm, Plant-based oils and fats: Selecting the right one for your plant-based meat application, Dow index closes above 30,000 points for first time, Slideshow: New products from Nestle, General Mills, LesserEvil, Ten trends emerging in the aftermath of COVID-19. Bolthouse Farms is owned by Campbell Soup Co. At Bolthouse Farms, we believe in making better choices about how our food is grown. “We can’t wait to get started.”. The company's president is Andre Radandt. “We are proud to support Bolthouse Farms in further bolstering its strong positioning within fresh carrots and chilled premium beverages, and are excited to back a group of seasoned operators as passionate about produce as Jeff and his team to lead what is already a strong organization,” said Dustin Beck, Butterfly’s Co-Founder. Possible suitors for the company’s Arnott’s cookie and cracker brands include Mondelez International, Inc., Ferrero Group, Kraft Heinz Co. and a couple consortiums backed by private equity firms, according to reports. Bolthouse's other products include orange juice, passion fruit juice, fruit smoothies, chai tea, Bom Dia açaí juice, and lemonade. He previously served as Bolthouse Farms’ President and CEO from 2008 to 2016. He continued to lead Bolthouse Farms for Campbell Soup Co. as president of the Campbell Fresh division until his departure from the company in 2016. LOS ANGELES — Butterfly Equity, a private equity firm focused on the food sector, has agreed to acquire Bolthouse Farms from Campbell Soup Co. for $510 million in cash. Traditional tastes are translated into fresh formats. The sale completes the plan announced in August to unwind the Campbell Fresh division as part of the company’s plan to narrow its focus and reduce debt. Based in Bakersfield, Calif., and Santa Monica, Calif., Bolthouse Farms manufactures and markets fresh carrots, refrigerated premium beverages and refrigerated salad dressings. ; and Prosser, Wash. Butterfly operating partner Jeff Dunn previously led the Bolthouse Farms business as president and chief executive officer from 2008 to 2012, when it was acquired by the Campbell Soup Co. This transaction marks Butterfly’s fourth investment within its “seed to fork” approach. The company also makes a line of Bolthouse Farms-branded salad dressings. of Campbell Soup. The late Bolthouse … Campbell Soup Co. is coming to the end of final talks to sell its Bolthouse Farms brand to an investor group headed by its former CEO Jeff Dunn, according to The Wall Street Journal and CNBC. Private equity firm to buy Campbell E.U. At the time of the Bolthouse's sale in mid-2012, the company employed 2,100 employees. LOS ANGELES, CA - Bolthouse Farms is officially under a new company, after months on the market.Private equity firm Butterfly announced today that it has signed a definitive agreement to acquire the formerly Campbell Soup Company-owned fresh food supplier for $510 million in cash. As outlined in a board-led strategy and portfolio review this past August, Campbell said it would divest both its Campbell Fresh and Campbell International businesses. Bolthouse Farms operates over 65,000 acres of growing land; facilities in California, Illinois, Ontario, and Washington; nationwide fresh distribution capabilities; and a state-of-the-art carrot and beverage processing plant, according to a press release.

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