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CK Snacks joins Nexus Capital stable from Kilroy Partners' hands [Yahoo! Finance]
Last the j.m. smucker company earnings: 2/26 07:00 am
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Los Angeles-based Nexus, an asset-management firm, said it had teamed up with CK Snacks' CEO Jamie Colbourne and the company's founders to buy the business. Financial terms were not disclosed. Located in Grand Rapids, Michigan, CK Snacks – otherwise known as Cheeze Kurls – was set up in 1964 and produces fried, baked and extruded snacks such as popcorn, pork rinds and puffed cheese varieties. It supplies own-label to retailers in North America and serves as a contractor manufacturer for branded customers. Daniel Flesh, a partner at Nexus, said in a statement: “CK aligns with our extensive experience investing in food and beverage, and we look forward to supporting the company in its next phase of growth.” Along with Colbourne, who has been an adviser to Nexus for “many years”, the rest of the management team will remain with CK Snacks. Colbourne added: “CK has built a leading position in the snack-food industry due to our ability to consistently produce innovative and high-
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- The J. M. Smucker Company (NYSE:SJM) is largely controlled by institutional shareholders who own 83% of the company [Yahoo! Finance][Yahoo! Finance]
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- Intel rises, reportedly set to receive more government funding [Yahoo! Finance][Yahoo! Finance]
- The J. M. Smucker Company (NYSE: SJM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.[MarketBeat]
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- 8/28/24 - Form 10-Q
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- 8/15/24 - Form 8-K
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