DALLAS — Private equity firm Kainos Capital has made the decision to combine three of its portfolio companies into one business to better meet operator needs. Kettle Cuisine, Bonewerks Culinarte and Savory Creations will be folded together and will become Kettle Cuisine.
Kettle Cuisine is headquartered in Lynn, Mass., and includes four production sites in Lynn; Morgan Hill and Union City, Calif.; and Green Bay, Wis. The company makes small-batch soups, sauces and side dishes for distribution at food service and retail locations.
“The newly expanded Kettle Cuisine platform is positioned to serve an exciting intersection of consumer preferences for convenient, fresh food,” said Daniel Hopkin, a partner at Kainos Capital. “At the same time, the combined company will even better meet operator needs for a supplier partner that can provide collaborative, chef-driven product development, redundant scale manufacturing, and the commitment to food safety and culinary principles that are the foundation of our brands.”
Alongside the change in its portfolio makeup, Kettle Cuisine has acquired the frozen soup business of NORPAC Foods Inc., a Salem, Ore.-based farmer-owned cooperative.
“For more than three decades, Kettle has stood for artisan-quality clean label soups, sauces and side dishes serving a growing customer base across the retail and food service channels,” said Liam McClennon, chief executive officer of Kettle Cuisine. “The addition of Bonewerks and Savory Creations to the portfolio, as well as the NORPAC soup business, adds several outstanding brands that share these core principles. We are proud to expand our product offering to include sous vide entrees, demi-glace, broths and other specialty sauces, enabling us to bring more comprehensive meal solutions to our customers.”
Since acquiring Kettle Cuisine in 2015, Kainos Capital said it has invested more than $250 million to acquire and integrate complementary businesses, expand kettle cooking capacity, add high-speed filling and packaging equipment, and expand its “from-scratch” bone broth capabilities.