“We are delighted to announce the divestiture of Sun Country Foods, Brynwood VI’s second portfolio company sale in the last month,” said Hendrik J. Hartong III, chairman, Sun Country Foods and senior managing partner for Brynwood Partners. “We are grateful to all of the Sun Country Foods employees for their hard work and dedication to the business. We wish Continental Mills much success with this great brand.”
Sun Country Foods is headquartered in Norwood, Massachusetts, U.S., and has a manufacturing facility in Manhattan, Kansas, U.S. The company manufactures and markets Kretschmer Wheat Germ and has 90% market share in the U.S. wheat germ category. Brynwood VI formed Sun Country Foods in 2011 to acquire the Kretschmer Wheat Germ brand from The Quaker Oats Co. unit of PepsiCo, Inc. Quaker had acquired the Kretschmer brand from International Multifoods Corp. in 1986. (International Multifoods was later bought by J. M. Smucker in 2004.)
This is the second company sold by Brynwood in the past month. In late November, Brynwood sold Balance Bar Co. to NBTY, Inc., a manufacturer and distributor of vitamins and nutritional supplements.