Keystone Capital Invests in Hometown Foods USA

House Foods Holding USA Acquires Keystone Natural Holdings from Keystone Capital

September 20, 2022

Food & Beverage

House Foods Holding USA, the North American subsidiary of House Foods Group Inc., has acquired Keystone Natural Holdings (KNH) from private equity firm Keystone Capital. The acquisition expands House Foods' portfolio of value-added tofu and plant-based products and supports accelerated U.S. market expansion, adding KNH's Folcroft, Pennsylvania manufacturing capabilities to House Foods' North American footprint.

Keystone Capital Invests in Baily International

October 27, 2023

Food & Beverage

Keystone Capital Management, L.P. has entered an investment partnership with Baily International, a Granite City, Illinois-based producer of Asian appetizer products. Keystone will partner with CEO Steve Cameron (who remains in place) to support growth and pursue add-on acquisition opportunities; terms were not disclosed and senior debt was provided by CIBC Bank USA and Siemens Financial Services.

Shore Capital Partners Partners with Main Street Gourmet

January 15, 2020

Food & Beverage

Chicago-based private equity firm Shore Capital Partners has partnered with Main Street Gourmet, a custom wholesale bakery based in Akron, Ohio, to support the company's next phase of growth. Shore will invest in business development, sales & marketing, and production infrastructure and will support inorganic growth through acquisitions to build a multi-regional bakery platform; previous majority shareholder Clover Capital Partners is noted as the prior investor.

Keystone Capital Partners with Penta Fine Ingredients; Mike Size Named CEO

May 7, 2025

Manufacturing

Keystone Capital Management has announced an investment partnership with Penta Fine Ingredients, a specialty chemicals and ingredient distributor/manufacturer headquartered in West Caldwell, New Jersey. As part of the transaction Keystone welcomes industry veteran Mike Size as Penta's CEO and intends to support Penta's growth and pursue add-on acquisition opportunities.

New Water Capital Acquires Klosterman Baking Company

July 27, 2022

Food & Beverage

An affiliate of New Water Capital Partners II L.P. has acquired Klosterman Baking Company, a long-standing producer of fresh and frozen baked goods serving grocers, restaurants and institutional customers. New Water said it will partner with management to expand Klosterman's product portfolio and geographic distribution footprint through organic and inorganic growth initiatives.

Benford Capital Partners Acquires Legacy Bakehouse

April 11, 2023

Food & Beverage

Chicago-based private equity firm Benford Capital Partners has acquired Legacy Bakehouse, a Waukesha, Wisconsin-based developer and manufacturer of baked snack ingredients and the owner of the Pinahs brand. Benford will partner with Legacy President Peter Sardina, invest in operational capacity and sales capabilities, and pursue add-on acquisitions to grow the platform.