Hammond, Kennedy, Whitney & Co. Inc., an Indianapolis-based private equity firm, has acquired natural food provider Panos Brands LLC from High Road Capital Partners.
Panos, headquartered in Rochelle Park, New Jersey, focuses on “better for you” foods sold in specialty, natural and organic grocery stores. Brands include Ka-Me Asian foods, Andrew & Everett hormone-free cheeses, Mi-Del gluten-free and peanut-free cookies and pie crusts, Sesmark rice- and wheat-based crackers, Amore cooking pastes and filled pastas, and Chatfield’s allergen-friendly baking products. Terms of the transaction, which closed on Jan. 29, were not disclosed. Panos CEO Steven Grossman is staying on as CEO.