Brynwood Partners VI L.P. has announced that its newly-formed portfolio company, Lightlife Foods Inc., has acquired Lightlife, one of ConAgra Foods’ smaller brands with product lines that include vegetarian-based burgers, hot dogs, and other meatless frozen and refrigerated items. The acquisition includes the Lightlife manufacturing operation in Turners Falls, Mass. Terms and conditions of the transaction, which closed Sept. 16, were not disclosed.
Lightlife Foods will be headquartered in the Boston, Mass., area and its manufacturing facility will continue to be located in Turners Falls. The new company looks forward to continuing to utilize the facility to support the manufacturing needs of the business.
As part of this transaction, Brynwood VI announced the appointments of Roy Lubetkin as President and CEO and Michael Morin as CFO of the company. Before joining Lightlife Foods, Lubetkin served as CEO of Sun Country Foods Inc., a Brynwood VI portfolio company that was divested in 2012. Morin most recently served as CFO of Sun Country Foods.
“We are pleased to announce the acquisition of Lightlife and its manufacturing facility from ConAgra Foods,” said Henk Hartong III, Senior Managing Partner, Brynwood VI. “Lightlife is a well-known brand with excellent nutritional and wellness attributes. Lightlife has a very loyal consumer following and customer base. We look forward to investing in Lightlife Foods and extending the company’s refrigerated and frozen meatless offerings.”