San Francisco, California, August 30, 2024 – Encore Consumer Capital, LP (“Encore”), a private equity firm that invests exclusively in food and consumer products, is pleased to announce a full exit of its investment in the Ancient Harvest and Pamela’s brands following the majority acquisition of Quinoa Corporation by Saco Foods, a portfolio company of Fengate Private Equity and Weathervane Investment Corp..
Founded in 1983, Ancient Harvest pioneered the sale of quinoa in North America and continues to be a leading plant-based foods brand with products including gluten-free pasta, polenta and quinoa. Founded in 1988 and acquired by Quinoa Corporation in 2019, Pamela’s offers gluten-free baking mixes and baked goods.
Robert Brown, Managing Director of Encore Consumer Capital, said, “We are grateful to have had the privilege of partnering with CEO John Becker and CFO/COO Ron Coleman and wish them the very best as they become a part of the Saco Foods team.”
“Encore partnered with us to create one of the largest independent gluten-free foods platforms, positioning us to be bought by a strategic acquirer. While we will miss working with Encore, we are excited for the future of these brands with our new partners at Saco Foods,” said John Becker.*
Green Circle Capital Advisors provided strategic and financial advisory services to Quinoa Corporation. Brownstein Hyatt Farber Schreck acted as legal counsel to Quinoa Corporation.
ABOUT ENCORE CONSUMER CAPITAL
Encore Consumer Capital is a private equity investment firm focused on the consumer products industry. The firm has raised over $900 million in committed capital and invested in over 40 companies in the sector. Encore’s current and prior investments include food and beverage manufacturers and marketers, pet products companies, personal care/beauty companies, and food distribution companies. The firm targets companies with between $10 million and $150 million in annual revenues where Encore’s strong expertise in strategy development, brand marketing, manufacturing and supply chain optimization, and distribution expansion can drive performance.
www.encoreconsumer.com
