BETHESDA, Md.--(BUSINESS WIRE)--Blackstreet Capital Partners (“Blackstreet”) today announced the sale of Houston Harvest, Inc. and Gift Products, Inc. (collectively “HHI/GPI”) to Signature Brands, LLC. HHI/GPI, based in Franklin Park, Illinois, is the leading supplier of seasonal food gifts and popcorn tins to mass retailers like Wal-Mart, Target and Kmart. The Company has licensing agreements with major food and entertainment companies which it uses to brand its popcorn tins and gift baskets.
“We are very excited to have concluded this transaction. We believe that Signature Brands is the right partner to take HHI/GPI to the next level and build on the strong foundation developed by Blackstreet,” said Gay Burke, Chairman of HHI/GPI.
Murry Gunty, Managing Partner of Blackstreet Capital Partners said, “This was a very successful transaction for our fund and highlights our core acquisition strategy. We want to thank the management and employees of HHI/GPI for their hard work and focus over the past two years and wish Signature Brands the very best as they continue to grow this outstanding business.”
About Blackstreet Capital Partners
Blackstreet Capital Partners, LLC, is a Bethesda, MD based private equity firm with $88 million of capital under management. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, health care, restaurants, specialty retail and business services. For more information on Blackstreet, please visit www.blackstreetcapital.com
About Signature Brands, LLC
Signature Brands, LLC is a wholly owned subsidiary of Hero AG of Lenzburg, Switzerland and is a leader in seasonal product portfolios. In the US, Signature Brands owns PAAS® Easter Egg Dyes and Decorating Kits, Pumpkin Masters® Pumpkin Carving Kits as well as leading Cake and Cookie Decorating brands with the Cake Mate® and Betty Crocker® (used under license from General Mills, Inc) brands.