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March 15, 2016

Ex-Sensible Portions investors team up to target food companies

US private-equity firm Clearlake Capital Group and Halen Brands - a fund run by industry executives Jason Cohen and Leigh Feuerstein - are to join forces with a new platform to invest in "emerging" trends in food.

By Dean Best

US private-equity firm Clearlake Capital Group and Halen Brands – a fund run by industry executives Jason Cohen and Leigh Feuerstein – are to join forces with a new platform to invest in “emerging” trends in food.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Better For You Holdings is eyeing investments in “on-trend, growth-oriented opportunities in food and other consumer products”, Clearlake’s Arta Tababee said.

The establishment of Better For You Holdings is the latest partnership between Clearlake, Cohen and Feuerstein.

Clearlake and the two executives were investors in US snack maker World Gourmet Marketing, the company behind the Sensible Portions snacks brand that was sold to Hain Celestial in 2010. Cohen co-founded the Sensible Portions brand.

Last year, Clearlake worked with Halen Brands to invest in US jerky maker Chef’s Cut and then to buy gluten-free snack firm Rex’s Outrageous.

“With the early investments in Chef’s Cut and Road Crew Crunch, we’re already seeing the value that the Halen Brands platform provides in helping brands accelerate growth,” Tababee said.

Cohen has co-created and sold five food brands. As well as Sensible Portion, Cohen co-founded Mamma Says, which was sold to Nonni’s Food Co. in 2005 and US snack maker Rickland Orchards, which B&G Foods snapped up in 2013. Cohen was also behind the establishment of Dippin’ Chips and Mrs. Thinster’s Cookie Thins.

In a joint statement, Cohen and Feuerstein said: “As founders of food brands ourselves, we were always looking for a fund that was built to marry an entrepreneurial spirit with a patient, collaborative approach and have founded Halen on those principles. Together with Clearlake, our track record and relationships give us an edge in identifying and supporting high-potential brands and concepts, and we pride ourselves on providing the support and historical track record needed to succeed.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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