This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Brynwood Partners VI L.P. Acquires The Lightlife Brand From ConAgra Foods

GREENWICH, Conn., Sept. 16, 2013 /PRNewswire/ -- Brynwood Partners VI L.P. announced today that its newly-formed portfolio company, Lightlife Foods, Inc., has acquired Lightlife®, one of ConAgra Foods' smaller brands with product lines that include vegetarian-based burgers, hotdogs and other meatless frozen and refrigerated items. The acquisition includes the Lightlife manufacturing operation in Turners Falls, MA. Terms and conditions of the transaction, which closed today, were not disclosed.

Lightlife Foods will be headquartered in the Boston, MA area and its manufacturing facility will continue to be located in Turners Falls, MA. The new company looks forward to continuing to utilize the facility to support the manufacturing needs of the business.

Lightlife, a healthy eating brand that was founded more than 34 years ago, is a leader in the meat alternative category. As part of this transaction, Brynwood VI announced the appointments of Roy Lubetkin as President and CEO and Michael Morin as CFO of the company. Before joining Lightlife Foods, Mr. Lubetkin served as CEO of Sun Country Foods, Inc., a successful Brynwood VI portfolio company that was divested in 2012, and prior to that served as CEO of Backyard Farms, LLC. Mr. Morin most recently served as CFO of Sun Country Foods and prior to that held the position of CFO of Richelieu Foods, Inc., a successful Brynwood Partners V L.P. portfolio company that was divested in 2010.

"We are pleased to announce the acquisition of Lightlife and its manufacturing facility from ConAgra Foods," said Henk Hartong III, Senior Managing Partner, Brynwood VI. "Lightlife is a well-known brand with excellent nutritional and wellness attributes. Lightlife has a very loyal consumer following and customer base. We look forward to investing in Lightlife Foods and extending the company's refrigerated and frozen meatless offerings."

Brynwood Partners has now completed 38 brand acquisitions from 15 different corporate sellers. The Lightlife acquisition is Brynwood Partners' first transaction with ConAgra Foods. Brynwood Partners has a strong investment track record in the food space with active investments including:
  • DeMet's Candy Company (Brynwood V portfolio company), a leading U.S.-based chocolate confectionery company manufacturing and marketing the Turtles®, Flipz® and Treasures® brands.
  • Back to Nature Foods Company, LLC (Brynwood VI portfolio company), a marketer of natural food products including crackers, cookies, nuts and granola.
  • Pearson Candy Company (Brynwood VI portfolio company), a manufacturer and marketer of widely recognized confectionery brands including Pearson's® Salted Nut Roll, Pearson's® Mint Patties, Pearson's® Nut Goodies, Pearson's® Bun and Bit-O-Honey®.

Prior investments by Brynwood Partners in the food space include Sun Country Foods, Balance Bar Company, Richelieu Foods, Lincoln Snacks Company and Signature Snacks Company.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 0.21%
FB $116.73 0.00%
GOOG $691.02 0.00%
TSLA $247.54 -0.07%
YHOO $36.59 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs