DULUTH, GA — Organic baby food maker Sprout Organic Foods recently sold controlling interest in its firm to Greenwich, CT-based investment firm North Castle Partners, according to published reports.
Alison Minter, North Castle managing director, who was quoted in BakingBusiness.com, pointed to the potential growth opportunities in the organic baby food market as one reason for the investment:
“The organic baby food category is an attractive market with strong underlying fundamentals. Sprout is a strong brand that resonates with retailers and consumers, with a product portfolio that has meaningful competitive differentiation.”
Founded in 2008, Sprout manufactures and distributes organic baby food products created with certified organic ingredients and no preservatives, artificial colors, flavors or other additives, the company says.