Poppin Corn In The Sun
Posted on: 16/06/2006
Sun Capital Partners, Inc. a leading private investment firm specializing in leveraged buyouts of market-leading companies, today announced that one of its affiliates has made an investment in Dale and Thomas Popcorn, LLC ("Dale and Thomas"). The Dale and Thomas acquisition is being undertaken by the Sun Capital Securities Fund ("SCSF"), which is focused on investing in non-control public and private equities, direct mezzanine investments, existing bank debt, and special situations.
Michael H. Kalb, Managing Director, Sun Capital Partners, Inc., stated: "Dale and Thomas is a premium-branded franchise with an experienced management team. We are excited about our affiliate's investment and look forward to participating in the growth of the Company."
Warren Struhl, Founder and CEO of Dale and Thomas Popcorn, LLC, added, "It is great to have Sun Capital Partners involved in the growth of our business since they are a firm that clearly has a track record of great success."
Dale and Thomas, headquartered in Englewood, New Jersey, is a privately- held company that manufactures America's first line of farm-fresh, chef- crafted premium popcorn products. The Company sells through wholesale, retail, and direct channels and has recently introduced Popcorn, Indiana(TM), a wholesale, premium, kettle corn line sold at supermarkets, chain stores, and boutiques throughout the U.S.
Dale and Thomas has achieved a high level of recognition since it was selected by Oprah Magazine as one of Oprah's favorite things. The Company's Chef Ed has appeared on the Today Show, The View, as well as other national television appearances. Currently popcorn centers are located in New York City; Teaneck, New Jersey; and the Lake Success Shopping Center, with additional openings in Florida, Boston, and New Jersey in the coming months.
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