House Foods Holding USA Acquires Keystone Natural Holdings from Keystone Capital

Keystone Natural Holdings Acquires J.P. Veggies (VeggieLand) and Superior Tofu

January 29, 2018

Food & Beverage

Keystone Natural Holdings LLC, a portfolio company of Keystone Capital Inc., completed acquisitions of J.P. Veggies Inc. (Veggieland) and Superior Tofu Ltd., adding the two plant‑based protein manufacturers to its KNH platform alongside Nature Soy. The deals expand KNH’s product portfolio, channel reach into retail, foodservice and private label, and strengthen product innovation capabilities across the platform.

Keystone Natural Holdings Acquires WestSoy Tofu, Seitan and Tempeh Businesses

May 23, 2019

Food & Beverage

Keystone Natural Holdings (a portfolio company of Keystone Capital) has acquired the WestSoy tofu, seitan and tempeh businesses from The Hain Celestial Group. The deal excludes the WestSoy plant-based beverage business, which Hain Celestial retained; KNH said it will retain all employees at the WestSoy facility in Boulder, Colorado. Senior debt financing for the transaction was provided by Wintrust Bank; terms were not disclosed.

Keystone Capital Invests in Hometown Foods USA

August 29, 2019

Food & Beverage

Keystone Capital completed an investment partnership with Hometown Foods USA, a Miami-based manufacturer of bagels and cake products. The partnership will support Hometown Foods' product and channel expansion and Keystone said it will pursue further bakery-sector acquisitions alongside the company; terms were not disclosed.

Mars, Incorporated Acquires Kevin's Natural Foods

July 5, 2023

Food & Beverage

Mars, Incorporated has signed an agreement to acquire Kevin's Natural Foods, a Modesto-based maker of chef-inspired sous-vide nutritious meals. Kevin's will operate as a standalone business within Mars Food & Nutrition; the deal includes the exit of minority investors TowerBrook Capital Partners and NewRoad Capital Partners and is expected to accelerate Kevin's product innovation and distribution reach.

TowerBrook and NewRoad Capital Partners Invest in Kevin's Natural Foods

September 3, 2021

Food & Beverage

Kevin's Natural Foods received a minority equity investment from TowerBrook Capital Partners and NewRoad Capital Partners to fund production expansion, product innovation, and broader distribution. Financial terms were not disclosed; the company plans to use the capital to increase capacity and introduce the brand to millions of new customers.

Keystone Cement Transitions to Independent Operations as Heidelberg Materials Acquires Giant Cement Holding

April 1, 2025

Building Products

Keystone Cement Company will transition to independent operations under newly formed Keystone Cement Holding, Inc., effective April 1, 2025, and will remain part of Fortaleza Materiales Group. The move occurs alongside Heidelberg Materials’ acquisition of Giant Cement Holding, Inc.; Keystone is excluded from that sale and will continue operating its cement, aggregates and resource recovery divisions with leadership continuity.