LOS ANGELES Butterfly Equity, a private equity firm focused on the food sector, has agreed to acquire Bolthouse Farms from Campbell Soup Co. for $510 million in cash. Your submission has been received! Brett began his career working for Standard Register as an electronic forms handling technician and then spent 22 years at Lightspeed Systems as a Senior Network Administrator as well as having his own consulting business before joining Bolthouse Properties. She is responsible for project budgets and contract administration. Dans prior professional experience includes 17 years with the law firm of Clifford & Brown. sourcing transactions, and leveraging an operations-focused and Revenue: $500 million to $1 billion (USD) Competitors: Unknown. He was instrumental in developing the beautiful master planned community of Seven Oaks, first during his tenure at Castle & Cooke and later at Bolthouse Properties, LLC. Prior to joining the company, he held multiple strategic roles with Wm. [6][7], In September 2010, a marketing initiative was launched by a group of nearly 50 carrot producers led by Bolthouse Farms (calling themselves "A Bunch of Carrot Farmers") sought to promote baby-cut carrots as an alternative to junk food for children. compost to amend the soil on a regular basis, to PEOPLE. The release explained that consumers are looking for healthier food products, especially amid a global pandemic, but they aren't . He and his wife Lauren have twin boys and a daughter. The company was founded in 1915 and is headquartered in California. sold the maker of fresh carrots and refrigerated juices in 2012 for $1.55 billion to Campbell Soup. Thank you! Meet the founders behind the hottest new brands. As the company grows and expands into new areas, different brand names will be used to highlight particular traits, rather than everything being lumped under the Bolthouse umbrella. Fred is also active in the Bolthouse family's philanthropic activities. Anders is responsible for assisting the team with operations, client reporting, and special projects. Employing more than 2,200 people and headquartered in Bakersfield in California's fertile San Joaquin Valley, Bolthouse Farms is one of the largest carrot growers and . Joe and his wife, Danielle, have one daughter and one son. Bolthouse Farms in late 2005, and since then the Bolthouse Foundation has reflected their giving decisions exclusively. From tip to greens, we make sure each inch of the carrot reaches its full potential. Dunn continued to run Campbell Soup's fresh unit, which grew to include hummus, dips and tortilla maker Garden Fresh Gourmet. Employing more than 2,200 people and based in Bakersfield, Bolthouse Farms is one of the largest carrot growers and distributors in the U.S. Dustin graduated from Fresno Pacific University with a Bachelors of Arts in Business, with a concentration in Business Management. Those familiar with the deal say it could be finalized as soon as this week. Brian has a Bachelor of Science and an MBA from California State University, Bakersfield. According to a press release, the company employs about 2,200 people. This is a nice light yogurt-based dressing with the same great taste and flavours without all of the guilt. Anders obtained a Bachelor of Science in Business Administration with a concentration in Finance while being a student-athlete at San Jose State University. Tony graduated from University of the Pacific with a Bachelor of Arts and from McGeorge School of Law, University of the Pacific with a Juris Doctor. Prior to becoming President of Bolthouse Properties, Tony was managing partner of the law firm of Clifford & Brown and served as outside general counsel for Wm. Contacts. Log food: Bolthouse Farms Organic Creamy Caesar Yogurt Dressing. He is also responsible for managing construction, renovation, and maintenance of all company projects and buildings, including coordinating with contractors, vendors and tenants. food and beverage products, food distribution and foodservice. 1915-2023. In Sacramento, she worked for Hybrid Homes, a residential renovation contractor, as a bookkeeper and office administrator for four years before returning to Bakersfield. We hope to see you this year!Reservations book up fast, get yours today. Bolthouse Farms, he became President of Bolthouse Properties. Prior to joining Bolthouse, Joe interned for the fixed income division of the California Public Employees Retirement System (CalPERS) in Sacramento and at the Charles Schwab Center for Financial Research in San Francisco. In 2012, BolthouseFarms had $100 million in annual revenue, but now its losing money. Employment Category: Full time - regular. In July of 2001, Tony joined Wm. The brand is also aiming to innovate carrots in the same way manufacturers have brought new life to cauliflower. Joe graduated from California Institute of Technology with a Bachelor of Science in Chemistry, from University of California, Berkeley with a Master of Science in Chemistry and University of California, Davis with a Master of Business Administration. This kind of criticism is common for large companies that have purchased smaller ones. Bolt Farm Treehouse, you are, per usual, magic.. His wife, Nancy, worked in Bakersfield for over thirty years as a paralegal. He is happily married to his wife, Katie. Jeffrey Dunn, former CEO of the Bolthouse Farms, is among those eyeing the business, the people said. Yvonne joined Bolthouse Properties in September 2017, with 15 years of management experience. LOS ANGELES--(BUSINESS WIRE)--Butterfly, a Los Angeles-based private equity firm specializing in the He and his wife, Cari, have two children. As Director of Planning and Land Resources, he is responsible for the planning and entitlement of Bolthouses master plan projects. Bolthouse Farms 1915 Organic Smoothie w/ Pear, Coconut Water, Mango, Spinach, Banana & Lime. At Bolthouse Properties, were a family. Julie has over 30 years of experience as a legal assistant. Extraordinary!, This place is so dreamy, cozy, romantic, and inspiring!, 36 hours on top of the world. Dan and his wife Jennifer have three young children. All Rights Reserved. She is responsible for assisting our Contract and Lease Administrator with commercial and land development projects. Brad and his wife Ronda have two children. Dans legal experience is broad based, having represented professionals, municipalities, transportation companies and agribusinesses throughout California. today, Butterfly Operating Partner Jeff Dunn assumes the role of CEO of Campbell Soup's sales increased24% to $2.71 billion in its fiscal second quarter,topping analyst expectationsas it benefited from recent acquisitions. BAKERSFIELD, Calif., April 05, 2022 (GLOBE NEWSWIRE) -- Bolthouse Farms, one of the largest carrot growers and distributors in the U.S. and the popular brand behind delicious juices,. $4.61 each ($0.14 / oz) LALA Pecan Cereal Yogurt Smoothie, 32 oz. This position will report to the: Supervisor. Fred graduated from University of California, Santa Barbara with a Bachelor of Arts and from University of California, Los Angeles with a Masters of Business Administration. Apr 8, 2021 A company led by Andre Radandt, the former CEO of California beverage company Bolthouse Farms, will tear down a waterfront house in Miami after purchasing it for $11.5 million. Rebekah Curran joined the investments management subsidiary of Bolthouse Properties in 2022 as an Operations Specialist. Bolthouse Farms, a position he held for 14 years. According to Campbells most recent second quarter earnings report, released in February, the Campbell Fresh segment saw organic sales decline 7 percent to $239 million, largely due to a drop in refrigerated soup sales. She moved to the accounting department of Clifford & Brown and advanced to the position of Office Manager. Get the free daily newsletter read by industry experts. " he said. Julie began her law career in 1972 at a law firm in her hometown of Delano, California. The products were launched to appeal to consumers' who want more plant-based foods. On October 9, 2008, CAH campaign manager Fred Karger issued a statement saying that the "Don't Buy Bolthouse" campaign had ended. Campbell has also shed some of its other business units recently including its Fresh Division's. Bolthouse Farms is Butterflys most recent investment within its seed | 11 a.m. Marion and her husband, Chris, are the parents of three daughters and one son, and they have four grandchildren. He also earned the Chartered Financial Analyst (CFA) designation in 2003 and the Chartered Market Technician (CMT) designation in 2010. Ridding the company of this acquisition will likely set a fresh stage for new CEO Mark Clouse,who assumed his role in January. Steve often declared that I am not going to worry until they (his doctors) give me something to worry about. His strength fighting this disease was astounding to those of us who watched as he continued to work in the midst of treatments, exhaustion, sickness and countless trips to Los Angeles. (NYSE:CPB) for $510 million in cash, subject to customary purchase price Shaun graduated from California State University, Bakersfield with a Bachelor of Science in Business Administration with a concentration in Marketing. 1 email found 2 phone numbers found . and foodservice. He serves as a board member and trustee for several public and private companies. The company also produces a line of organic juices, which are made with certified organic fruits . This position will report to the: Supervisor. No members of The Bolthouse Foundation have a financial interest in Bolthouse Farms, and The Bolthouse Foundation receives neither financial support nor benefits from the profits of Bolthouse Farms. His responsibilities include planning and oversight of enhancement and improvement activities. Fun for all on property & around town. "As we look to the future and redefine the role Bolthouse Farms plays in our communities, ESG-related factors are critical . Tony has worked with the Bolthouse family for over 40 years. Without the unwieldy Fresh Division to worry about, Clouse can get down to brass tacks and help the company focus on its core snacks and soup, which was bolstered by the $4.9 billion acquisition of Snyder's-Lance. "We say that decision making in fresh has a shelf [life],and it's not very long. hippie fest 2022 michigan; family picture poses for 5 adults; unforgettable who killed rachel; pacific northwest college of art notable alumni; adler sense of belonging family constellation; announced acquisition of Bolthouse Farms from Campbell Soup Company Jeff joined Bolthouse Properties in 2019 as the Assistant Vice President. Dunn previously served as president and CEO of the brand from 2008 until 2012 when it was purchased by Campbell for $1.55 billion. 57 jobs. Bolthouse Farms BOLTS Immunity. To grow Bolthouse as a company, Dunn also plans to employ M&A to purchase existing brands. 2008 until 2012, when it was acquired by Campbell Soup Company. Thank YOU for supporting our dream of building nature retreats in the most beautiful places on Earth! By 1950: Bolthouse Farms was The company operates facilities in Prosser, Washington. Bolthouse Farms 3 years 6 months Senior Vice President of Sales and Logistics Dec 2022 - Present3 months Responsible for National Sales of fresh produce, refrigerated beverage, and salad. During his time in public accounting, he also participated in tax-planning activities and client acquisition. Brett joined Bolthouse Properties in 2017 with over 25 years of experience in information technology. Bolthouse also is moving into the CBD space with two ready-to-drink beverage lines that contain the ingredient a low sugar and low calorie functional beverage, and a coffee option. I love these Bolthouse Farms yogurt dressings, and the ranch is no exception. He is responsible for developing financial models for real estate properties, preparation of financial statements, preparation of income tax and corporate reports and the budgeting process. They have a great, fresh flavor and are significantly better for you than traditional creamy dressings. Sandra and her husband, Mark, are the parents of three sons and one daughter. Campbell Soup Co said on Friday it would sell its Bolthouse Farms business to an affiliate of private equity firm Butterfly Equity for $510 million, in the U.S. food company's first major sale as . Jeff holds a Bachelor of Business Administration from the University of San Diego. Kari began her career as the Office Manager for a small investment firm in Tustin, California. Fred has more than 11 years of experience in the investment management industry. BAKERSFIELD, Calif., April 05, 2022 (GLOBE NEWSWIRE) -- Bolthouse Farms, one of the largest carrot growers and distributors in the U.S. and the popular brand behind delicious juices,. The state of California's website doesn't offer any information on what this shadowy 3rd Bolthouse holding does or who owns it. Add to list. He will be leading strategy for Bolthouse Investments client portfolios. For seven years, he was Senior Vice President at Castle & Cooke responsible for the companys mainland development operations. Joe joined the investment management subsidiary of Bolthouse Properties in 2014, bringing expertise in fund manager selection and in fixed income investing. Following the sale of the farming operations, Bolthouse retained ownership of over 20,000 acres of land, thereby forming Bolthouse Properties. Est. Bolthouse Farms Honey Mustard4 reviews. His responsibilities include managing and investing company financial resources, accounting and financial reporting, and human resources and benefits. Nutrition Facts. Brad graduated from California Polytechnic State University, San Luis Obispo with a degree in City & Regional Planning. positions in fresh carrots and refrigerated premium beverages in the He is a Chartered Financial Analyst (CFA) charterholder. Brad joined Bolthouse Properties in 2014, bringing experience in regional and urban planning to the company. !, Its like being in a real-life fairytale!, This is the most magical creation! It shut down all Michigan operations in June 2010. Steven graduated cum laude from Regent University with a Bachelor of Science in Business and from Grand Canyon University with a Master of Business Administration, where he was inducted into the Delta Mu Delta business honor society. She began her career in Bakersfield in 1989 with DeWalt Corporation, working on residential and commercial development projects. The Bolthouse Foundation is a separate entity from Bolthouse Farms, and all funding decisions by The Bolthouse Foundation are made solely by the Bolthouse Foundation. Keep up with the story. Bolthouse Farms Amazing Mango Fruit Smoothie, 15.2 oz. 100+ Years 100+ Years: More than 100 years later, we've grown all the way to At Bolt Farm Treehouse, we provide an unforgettable, luxury, nature-immersive travel experience so that you leave the mountain feeling on-top-of-the-world. Bagger Operator I - 1st Shift. We can be very synergistic. As a Project Manager for Woodbridge Pacific Group, Jeff spent 10 years overseeing the construction multiple residential housing neighborhoods and hundreds of homes throughout southern California. Steven began his career working on accounting teams assigned to the production of films. a leading carrot supplier in the Notably more expensive than the traditional shelf-stable varieties, but worth it. Bolthouse Farms full-time as Vice President and General Counsel while also assuming the responsibility of managing the Bolthouse Family Office. Let Food Dive's free newsletter keep you informed, straight from your inbox. Our story begins in 1915 in Grant, Michigan where the Bolthouse family started farming vegetables. Most likely owner of Bolthouse Properties, LLC? He hired his former head of marketing and his ex-chief of R&D, along with nearly 70 other people who had once worked at Bolthouse and were intimately familiar with the fresh business. Bolthouse Farms. leader and innovator in produce and plant-based products, said Mr. We believe nature is the perfect setting to recharge your spirit, enjoy a slower pace, and lose track of time reconnecting with your people. . She and her husband, Ben, have two sons. She has over 20 years of administrative, operational, and accounting experience in the investment management industry. Prior to joining Clifford & Brown, Dan worked in sales and project management for Rain for Rent, a national water handling expert. Bolthouse Farms has always been committed to making healthier drinks that are just as delicious as the sugar filled, high calorie options on the market. Six months before the deal even closed, Dunn, who was reinstalled as CEO,and his team started working on developing new products to get to market to showcase in time for retailers to consider when they decide what to carry in 2020. Campbell was hoping for $3 billion in order to significantly pay down its debt. returns through deep industry specialization, a unique approach to Huckaby is a member of the California State Board of Food and Agriculture (CDFA), the United Fresh Produce Association Board of Directors, the College of Agriculture Advisory Council at California Polytechnic State University, San Luis Obispo and a past . Search Contacts. Our team members are among the best and most dedicated experts in the industry, and our commitment to uncompromising integrity and personal responsibility sets us apart. Other duties included performing member adjustments and coordinating system upgrades. Dan is a member of the Board of Directors for Bakersfield Memorial Hospital and Houchin Community Blood Bank. Although CBD is relatively new to the food and beverage space, it is expanding fast. From the time of his diagnosis to his final days, Steve continued to work, plan, and train those around him while providing constant inspiration to all of us at Bolthouse Properties, LLC. The grill-ready carrots are labeled Carrot Dogs and sold in 8 packs. The whole secret here is fast decision making and people getting at the point of attack, making those decisions quicker than Campbell's," Dunn said. Bolthouse Farms, Inc. Even when partnered with Garden Fresh in Campbell Soups Fresh Division, there was nothing but strife for the brand. The fourth-generation farm reportedly will be sold because some family members want to sell their shares.
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