Funky Chunky Buys Gracious Gifts

Funky Chunky, which is backed by Consolidated Investment Group, has acquired Gracious Gifts. Financial terms weren’t announced. Minneapolis-based Gracious Gifts developed FunkyChunky Chocolate Caramel Popcorn.

PRESS RELEASE

Consolidated Investment Group Announces Addition of Portfolio Company, Funky Chunky, Creators of Artisanal Chocolate Caramel Popcorn
Family Office Leverages Extensive Food Experience to Position Line for National Distribution. Denver-based family office investment firm, Consolidated Investment Group (CIG), announces that Funky Chunky, LLC, a CIG company, has acquired the assets of Gracious Gifts, Inc., the creators of FunkyChunky® and its line of unique customized gifts and artisanal gourmet snack items.

Denver, CO (PRWEB) May 30, 2013
Gracious Gifts, Inc. was founded in 1994 in Minneapolis, MN by entrepreneur and creative artist, Ronni Feuer who developed FunkyChunky®. Known for its high quality ingredients and hand-made approach, FunkyChunky Chocolate Caramel Popcorn quickly became a favorite gourmet snack. Under the leadership of Ronni’s husband, Sandy Feuer, FunkyChunky has grown to include new flavors such as ChipZelPop, Candy Cane Popcorn, Sea Salt Caramel Popcorn, Peanut Butter Pretzels, and Fix-Mix, many of which contain all natural ingredients. Ronni’s vision will continue under the new leadership with a percentage of proceeds from the sale of “Ronni’s Popcorn” benefiting women who struggle with breast cancer across the nation.
Consolidated Investment Group (CIG) is an entrepreneurial company that manages a diverse portfolio of investments in private equity, capital markets, real estate, and philanthropy. David Merage, CEO and Principal, co-founded Chef America, a national frozen food manufacturer known for inventing and marketing Hot Pockets®, Lean Pockets®, and Croissant Pockets®. Upon his exit from Chef America, the company was growing at a rate of 15% per year, making it one of the most successful food companies in the world.
CIG’s direct investment division acquires food and beverage manufacturing companies all over the country and utilizes its strong experience and resources in the field to nurture the growth of strong products and brand