CK Snacks, a US private label and co-manufacturer, has been acquired by Nexus Capital from Kilroy Partners. The Los Angeles-based asset-management firm, in partnership with CK Snacks’ CEO Jamie Colbourne and the company’s founders, completed the acquisition. The financial terms of the deal were not disclosed.
Established in 1964, CK Snacks – also known as Cheeze Kurls – is based in Grand Rapids, Michigan. The company specializes in producing fried, baked, and extruded snacks such as popcorn, pork rinds, and puffed cheese varieties. CK Snacks supplies own-label products to retailers in North America and also serves as a contractor manufacturer for branded customers.
Nexus Capital’s partner, Daniel Flesh, expressed enthusiasm about the acquisition, stating, “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.” The existing management team, including CEO Jamie Colbourne, will continue to lead CK Snacks under Nexus Capital’s ownership.
Colbourne emphasized the company’s commitment to innovation and quality, stating, “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 look forward to working closely with the Nexus team to facilitate the continued success and expansion of CK Snacks.”
Formerly owned by Kilroy Partners, CK Snacks caught the attention of Nexus Capital with its strong market position and product offerings. Mark Hughes, managing partner at Kilroy Partners, commended CK Snacks for its successful performance and wished Nexus Capital success in the company’s future growth.
Nexus Capital’s portfolio in the food sector includes investments in brands like TruRoots and Natural Balance. These strategic transactions demonstrate Nexus Capital’s commitment to expanding its presence in the food and beverage industry.
In a separate deal, Nexus Capital acquired the TruRoots packaged rice, lentils, and quinoa business from JM Smucker for $110 million. Additionally, the merger of pet-food companies Natural Balance and Canidae under Nexus Capital’s leadership further highlights the firm’s strategic investments in the food industry.
As Nexus Capital continues to strengthen its foothold in the food sector, the acquisition of CK Snacks represents a strategic move aimed at driving growth and innovation in the evolving food and beverage industry landscape.
