Macrobiotic superfood drink Cell-nique is turning into natural foods conglomerate Cell-nique.
Owner Dan Ratner completed its second transaction in a year, this time in the non-beverage space, however.
Cell-nique announced today it had acquired Cherrybrook Kitchen, LLC. Cherrybrook makes allergen-free, gluten-free baking mixes, just six months after buying hibiscus soda manufacturer Hibix Corp.
Ratner has stated he wants to put together a natural foods “roll-up” of brands in food and beverage. Cherrybrook was advised by Silverwood Partners, LLC. during the transaction. As part of the transaction, Cell-nique assumed Cherrybrook Kitchen’s outstanding debt of $510,000 along with issuing the owners of Cherrybrook shares in the publicly-traded Cell-nique.
The announcement is below:
Silverwood Partners, LLC announces two recently-completed transactions in which the firm acted as the exclusive financial advisor: In June, Cherrybrook Kitchen, LLC was acquired by Cell-nique Corporation and in April, the Maine Cottage Furniture business was acquired by Russell & Mackenna, Inc. Cherrybrook Kitchen is a leading brand in the allergen-free and gluten-free baking mix sector. Cherrybrook Kitchen’s founders Chip and Patsy Rosenberg will stay on to continue Cherrybrook’s growth. Under Russell & Mackenna, Maine Cottage, widely regarded in the furniture industry for coining the term “cottage style,” will have its website re-launched and will re-introduce many of the classic fabric and furniture designs currently associated with the brand… a legacy Carol and Peter Bass started over 20 years ago.
About Silverwood Partners
Silverwood Partners, LLC is a specialized investment bank that provides mergers & acquisitions and private placement advisory services to consumer products, media communications technology, and healthcare companies. The firm’s targeted industry focus allows it to bring a depth of knowledge and industry relationships to each client’s unique situation, and Silverwood has a hands-on, consultative approach with a high degree of senior partner involvement.
A principal focus of Silverwood is representing consumer product companies in the healthy living and broader LOHAS segment. The firm’s commitment and expertise in the natural products and healthy living sector has allowed Silverwood to develop strong relationships with private equity investors and strategic buyers active in the industry.