Kevin’s Natural Foods, the US ready meals supplier, is reportedly mulling a sale of the business.
According to Bloomberg, the company, based in California, has appointed advisers to explore a takeover.
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Just Food has approached Kevin’s Natural Foods to comment on the report.
Two years ago, the company, set up in 2019, accepted investment from private-equity firms TowerBrook Capital Partners and NewRoad Capital Partners.
At the time, Kevin McCray, the group’s co-founder and COO, described the move as “a big milestone for Kevin’s”.
The business sells its range of ready meals, side dishes and dishes at retailers including Walmart, Safeway and Costco.
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By GlobalDataCiting unnamed sources, Bloomberg reported Kevin’s Natural Foods was seeking to be valued at $700-800m.
In February, the company announced it had been certified as a B Corp business.
Elsewhere this week, The Wall Street Journal reported the owners of US chewing-gum business Bazooka Candy Brands are looking to sell up.
Private-equity firm Madison Dearborn Partners and Tornante, the private investment vehicle of former Disney CEO Michael Eisner, bought Bazooka – then named Topps – in 2007.
Just Food asked Madison Dearborn Partners to comment and received no reply.
