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KCA Partners Completes Sale of Van's International Foods, Inc. To Healthy Food Holdings

Posted on: Friday, 29 December 2006, 00:00 CST

KCA Partners, Ltd. ("KCA") today announced the successful completion of the sale of Van's International Foods, Inc. ("Van's") to Healthy Food Holdings, a portfolio company of private equity firm Catterton Partners. Terms of the transaction were not disclosed.

Van's, a Vernon, California company best known for its natural and organic frozen waffles, was acquired by KCA and veteran food industry executive James L. Kelly in January 2000. Van's has grown dramatically since 2000 due to expanded retail distribution and new product introductions. Van's is the leading brand of all-natural and organic frozen waffles, in all trade classes -- mass merchants, supermarkets, and natural food stores. The company also markets all-natural textured soy meat analog products under the Veat brand name.

"Jim Kelly and his team have done an outstanding job building the business, including successful investments in product development and new manufacturing facilities. We are confident that Healthy Food Holdings and Catterton Partners will continue Van's strong track record of growth and product leadership," said PJ Nora, a partner of KCA.

About Van's International Foods, Inc.

Van's International Foods, Inc. manufactures and markets Van's Waffles -- the country's leading brand of all-natural and organic frozen waffles. Van's broad line of waffle products includes Wheat-Free/Gluten-Free, Organic, Original Gourmet, Hearty Oats, Belgian, and Mini Waffles. Van's also markets soy protein meat-alternative products under the Veat Gourmet brand. For more information visit Van's at http://www.vanswaffles.com.

About KCA Partners, Ltd.

KCA Partners is a San Francisco-based private equity firm with a proven track record of building leading companies. By working with a limited number of platform companies, KCA is able to devote both the operational and financial resources necessary for lower middle market companies to achieve their potential. Since the firm's founding in 1993, KCA has operated as a partnership between the firm's principals and the management teams in its operating companies. KCA has invested in a number of operating companies, including Price Outdoor Media, U.S. Thermoplastics, Spectrum Industrial Services, Van's International Foods, Apex Medical and Carex Health Brands. For more information visit KCA at http://www.kcapartners.com.


Source: Business Wire

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