Lower mid-market private equity firm CID Capital has completed a recapitalization of Chef’n Corporation, a manufacturer and marketer of branded innovative housewares products. CID’s investment will enable the Seattle-based company to accelerate growth within the housewares sector.
CID Capital is proud to announce that it has completed a recapitalization of Chef’n Corporation, a leading manufacturer and marketer of branded innovative housewares products.
This investment will better equip Chef’n with capital and managerial resources to execute strategic business initiatives focused around growing its core Chef’n and Vibe brands globally as well as expanding its private label business. The existing management team will continue to manage day-to-day operations and plans to add new resources to align with future growth initiatives.
CID’s investment will enable the Seattle-based company to continue to accelerate growth and build brand equity by utilizing CID’s extensive experience in the consumer products space, particularly within the housewares sector.
Chef’n CEO, David Holcomb, added, “We found a partner who not only had knowledge and expertise in our industry but also appreciated the Chef’n innovation and culture. CID’s experience in growing consumer product companies through new product and marketing initiatives as well as sensible acquisitions made them a perfect choice for my vision of the company.”
For more information please contact Scot Swenberg at email@example.com.
Founded in 1982, Chef’n has become a housewares leader by creating fun and innovative kitchen and food products. Headquartered in Seattle, WA, Chef’n boasts an award-winning in-house product design team and owns more than 250 innovative product patents worldwide. The company redesigns and reinvents utensils and gadgets that are often taken for granted. Chef’n makes better tools so consumers can make better food.
About CID Capital
CID Capital is a leading lower-middle market private equity firm that focuses exclusively on acquiring controlling interests in consumer and industrial product companies. CID provides flexible capital structures to companies in expanding market niches and leverages the operating experience of CID’s investment professionals and advisors as a resource to the strong management teams the firm supports.