1984 headquarters greenwich connecticut united states key people hendrik henk j. hartong jr. products leveraged buyout growth capital total assets 250 million website brynwood partners brynwood partners is an american private equity investment firm focused on leveraged buyout and other control investments . since its founding in 1984 the firm headquartered in greenwich connecticut 1 has raised five investment funds including a 250 million fund in 2005 . through these funds the company owns firms and brands including balance bar 2 richelieu foods turtles etc. 1 and pearson s candy company nut goodie salted nut roll mint patties bun bars and bit o honey . the company s managing partners include hendrik henk j. hartong jr. co founder 3 who had managed air express international in the mid 1980s until its 1.15 billion acquisition by deutsche post in 1999 . other managing partners include hendrik j. hartong iii ian b mactaggart dario u. margve kevin c. hartnett joan y. mccabe and nicholas dicarlo cfo . citation needed contents 1 investments 1.1 stella d oro 1.2 pearson s candy 1.3 coast soap 2 old investments 2.1 demet s candy company 3 references 4 further reading 5 external links investments edit in 1988 brynwood partners purchased richelieu foods 4 a supplier of private label food products and frozen pizzas . 1 the company produces over 50 million frozen pizzas 5 and more than 20 million finished crusts 6 annually reporting more than 200 million in yearly sales 5 and producing private label products for companies including aldi save a lot 4 shaw s supermarkets 5 hannaford brothers co. 5 bj s wholesale club and sam s club . in 2003 brynwood bought pretzel flipz a line of yogurt covered pretzels made in mohnton pa . from nestl . in 2004 brynwood acquired new york based freight forwarder ijs global inc. 7 in 2004 brynwood partners sold lincoln snacks company 8 which made fiddle faddle screaming yellow zonkers and poppycock . 2 stella d oro edit in 2006 brynwood bought stella d oro biscuit co. from kraft foods . 9 on august 4 2008 workers of the bakery confectionery tobacco workers and grain millers international union went on strike citing proposed pay and benefit cuts and later picketed the company s attempt to bring in replacement workers . 10 11 12 13 after more than 11 months on strike the company was required by a court ruling to reinstate the workers . however shortly thereafter the company announced in july 2009 that it would close the kingsbridge bronx facility . 14 in september 2009 brynwood announced the sale of stella d oro to lance inc. a large manufacturer of snack foods which intended to relocate stella d oro s production to a non union facility in ashland ohio . 15 16 brynwood received negative attention for its role in the work stoppage and sale of stella d oro including a reference in an op ed piece by the afl cio s richard trumka published in the wall street journal in april 2010 . 17 pearson s candy edit in 2011 brynwood acquired pearson s candy company which was founded in 1909 in saint paul minnesota . 18 one of the world s 100 largest confectionery companies 19 pearson s makes pearson s mints salted nut rolls nut goodies bun bars and bit o honey . coast soap edit in april 2012 brynwood acquired several products lines from the dial corporation including coast soap soft & dri deodorant and pure and natural liquid hand soap . 20 old investments edit demet s candy company edit in 2007 brynwood bought the turtles brand from nestle usa inc. 2 acquiring at the same time the 280 000 square foot 26 000 m2 turtles production facility in toronto canada merging the acquisition with a company it owned at the time signature snacks company . subsequently brynwood consolidated its portfolio of confectionery acquisitions which included stixx flipz chocolate covered pretzels treasures and turtles resurrecting the dormant demet s candy company name . demet s started in 1898 as a candy store business and soda fountain shop by george demet of chicago subsequently creating turtles candies . after a series of mergers and acquisitions demet s was purchased by nestl in 1988 . in 2007 signature snacks then owned by brynwood acquired the demet s brand from nestl . former nestl usa executive hendrik hartong iii is chairman of the company . in 2013 brynwood sold the company to y ld z holding . 21 references edit a b c richelieu foods acquires sara lee s sauces and dressings foodservice business . richelieu foods press release september 2 2008 . a b c private equity firm buys balance bar brand from kraft foods . soyatech.com connecticut post december 6 2009 . business people ; revived air express picks chief executive . the new york times daniel cuff january 10 1989 . january 10 1989 . a b richelieu experiences hiring boom starts expansion . wcfcourier.com rc balaban august 27 2006 . a b c d there s new appetite for peddlers of cheap eats . boston business journal feb 23 2009 lisa van der pool . february 23 2009 . it takes two working in tandem richelieu foods pizza plants in ohio and wisconsin are a productivity powerhouse . . refrigeratedfrozenfood.com . aei execs team ijs . air cargo magazine november 18 2005 vol .4 no. 123 . 40 30 30 it isn t some kind of debt equity metric . the wall street journal beina xu nov 23 2009 . november 23 2009 . kraft says arrivederci to stella d oro . billboard kosman josh may 10 2009 . not the original recipe . the new york post john koshman may 10 2009 . stella d oro factory to close in october . the new york times july 6 2009 jennifer lee . july 6 2009 . buyer said to emerge for brynwood s stella d oro . the new york times august 21 2009 . august 21 2009 . no sweets when striking the cookie factory . the new york times marc santora december 26 2008 . december 27 2008 . brynwood considers options for stella d oro . greenwich times richard lee september 1 2009 . stella d oro protesters lean on goldman sachs . new york daily news september 29th 2009 a last batch at a bakery in the bronx . new york times october 6 2009 op ed it s time to restrict private equity too often employees are the losers in leveraged buyouts . the wall street journal april 13 2010 richard trumka . april 13 2010 . st. paul s pearson s candy co. sold . kare 11 . gannett . august 22 2011 . retrieved december 29 2011 . rogers paul january 1 2003 . income generation gap . top 100 global confectionery companies . candy industry . the gale group inc. retrieved 2008 03 19 . brynwood adds coast soaps soft & dri deodorant to portfolio connecticut post april 20 2012 brynwood partners to sell maker of turtles candy further reading edit focus on the consumer q & a with brynwood partners . the wall street journal beina xu 6 30 2009 . june 30 2009 . external links edit official website v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title brynwood partners & oldid 722193218 categories private equity firms of the united statescompanies based in connecticutcompanies established in 1984hidden categories all articles with unsourced statementsarticles with unsourced statements from april 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 26 may 2016 at 15 00 . text is available under the creative commons attribution sharealike license ; 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