NEXUS CAPITAL MANAGEMENT COMPLETES ACQUISITION OF CK SNACKS
17 Junio 2024 - 3:00PM
Nexus Capital Management LP (together with certain affiliates,
“Nexus”), a Los Angeles-based alternative asset management
firm, in partnership with CEO Jamie Colbourne and the founders,
announced it has acquired Cheeze Kurls, LLC (the “Company” or “CK
Snacks”), a premier manufacturer of salty snack food sold primarily
through the retail and grocery channels in North America from
Kilroy Partners (“Kilroy”).
“CK aligns with our extensive experience
investing in food & beverage, and we look forward to supporting
the Company in its next phase of growth,” said Daniel Flesh,
Partner at Nexus. "We are excited to partner with the Company, its
management team and its CEO, Jamie Colbourne, who has been an
operating advisor to Nexus for many years. On behalf of Nexus, I
would like to express my gratitude to the CK team for working with
us on this transaction.”
Jamie Colbourne, CEO of CK Snacks, added, "CK
has built a leading position in the snack food industry due to our
ability to consistently produce innovative and high quality
products for our customers. I want to thank our employees,
customers and vendor partners for helping us reach this milestone
in the Company’s history. I look forward to working closely with
the Nexus team to facilitate the continued success and expansion of
CK Snacks."
TJ Parthemer, Principal at Nexus, added “CK
Snacks participates in an attractive category within food
manufacturing. We look forward to working closely with management
and all employees to continue building this platform.”
“We are grateful for the collective efforts of
Jamie and the entire CK Snacks team in making this such a
successful investment and wish Nexus the best of luck during the
Company's next stage of growth,” commented Mark Hughes, Managing
Partner at Kilroy.
Baker & McKenzie LLP served as legal advisor
to Nexus, and Foley & Lardner LLP served as legal advisor to CK
Snacks on the transaction.
About CK Snacks
CK Snacks is a leading manufacturer of private
label snack food including extruded, fried and baked products as
well as popcorn and party mixes. The Company has longstanding
customer relationships across the retail, grocery and drugstore
channels. Founded in 1964 and based in Grand Rapids, Michigan, CK
Snacks has an longstanding history as a reliable and innovative
partner to its dedicated customer base. For more information about
CK Snacks, please visit: https://www.cksnacks.com/
About Nexus Capital Management
LP
Nexus is an alternative asset investment
management company based in Los Angeles, California that
was founded in 2013. Nexus employs a flexible investment mandate
that focuses on long-term value creation by partnering with leading
management teams and businesses.
For more information on Nexus, please
visit www.nexuslp.com.
Contact:
Robert Moran
(424) 330-8820