To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Bolthouse Farms Amazing Mango Fruit Smoothie, 15.2 oz. As a Project Manager for Woodbridge Pacific Group, Jeff spent 10 years overseeing the construction multiple residential housing neighborhoods and hundreds of homes throughout southern California. FLSA Status: Non-Exempt. Los Angeles-based private equity firm Butterfly signed a definitive agreement today to acquire Bolthouse Farms from Campbell Soup Company for $510 million in cash roughly $1 billion less than what the soup conglomerate paid when it acquired the 104-year-old food and beverage brand in 2012. She has over 20 years of administrative, operational, and accounting experience in the investment management industry. Our story begins in 1915 in Grant, Michigan where the Bolthouse family started farming vegetables. Founded in 1915, Bolthouse Farms has built a health conscious legacy founded on carrots, expanding to drinks, dressings and beyond. Californias Central Valley. private equity firm specializing in the food sector, spanning the entire . Already, this strategy has proved to be a bright spot for the company. He accomplished much as a professional engineer/land developer all while being a devoted husband, father to his three children and new grandfather. Let Food Dive's free newsletter keep you informed, straight from your inbox. Dan holds a Bachelor of Arts from the University of Oregon and a juris doctorate from the University of the Pacific McGeorge School of Law. [10][11], In 2003, the U.S. Food and Drug Administration accepted Bolthouse Farms' self-certification that carrot fiber ingredient is generally recognized as safe (GRAS). We can be very synergistic. He relocated from Beijing, China, where he was the project director managing the turnkey development of the Nicklaus Club Beijing. Two cases in Toronto, Ontario, Canada resulted in paralysis; three cases recorded in Georgia, United States resulted in respiratory failure, with the patients requiring ventilators; one case recorded in Florida resulted in hospitalization. I have finished the race, and I have remained faithful., 2023 Bolthouse Properties. Selling the smoothies and carrots to former CEO Dunn might be exactly what it needs to get back on its feet. Bolthouse Farms Inc. was hit with a proposed class suit alleging it deceptively portrays chilled beverages as healthful and nutritious when they contain undisclosed PFAS, or "forever chemicals." Gwendolyn Smith says she bought Green Goodness Fruit Juice Smoothie, relying on labeling that touted various nutritional benefits. Shaun began his career as a golf course accountant at Castle & Cooke, where he handled billing and financial reporting for three separate golf courses. For more than a century, Bolthouse Farms has been known as the innovation leader in growing and distributing carrots and high-quality, innovative branded products. He will be leading strategy for Bolthouse Investments client portfolios. Steven and his wife, Alicia, are the parents of three young daughters, two adult sons and two adult daughters. Derek joined Bolthouse Properties with more than 20 years of experience in agricultural economics and business management. Rebekah is a mother to two young daughters. As of Upon moving to Bakersfield in 1974, she worked for the law firm of Rudnick & Arrache. announced acquisition of Bolthouse Farms from Campbell Soup Company Bolthouse Farms, founded 1915 in Grant, Michigan, is a vertically integrated farm company located in California's San Joaquin Valley and headquartered in Bakersfield, California. This kind of criticism is common for large companies that have purchased smaller ones. Dan joined Bolthouse Properties in 2019 as its Vice President and General Counsel, and serves as part of the companys executive team participating and overseeing all aspects of the Companys business. The company For Butterfly:Anita-Marie Laurie and Terry FahnSitrick Today we are excited to formally join Bolthouse Farms on its mission of Austin joined Bolthouse Properties in 2020, bringing experience in analyzing financial statements and creating tax documents. All Rights Reserved. Contacts. Jeff Dunn was CEO of Bolthouse Farms for five years before its private equity owner sold the maker of fresh carrots and refrigerated juices in 2012 for $1.55 billion to Campbell Soup. Brad joined Bolthouse Properties in 2014, bringing experience in regional and urban planning to the company. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage. 1 SOURCE: IRI Total US MULO L52 weeks ending June 19, 2022. Her role included the budget management of large-scale projects. He declined to comment on his stance on same-sex marriage. Campbell was hoping for $3 billion in order to significantly pay down its debt. By 1950: Bolthouse Farms was The company also produces a line of organic juices, which are made with certified organic fruits . LIMITEDTIME: Booking 2-Night Weekends in January & February. "I dont think they were innovative enough, and the nature of these businesses is you have to constantly innovate. They have a great, fresh flavor and are significantly better for you than traditional creamy dressings. He and his wife, Kellie, have five children. He also held positions in finance and general management. This is a nice light yogurt-based dressing with the same great taste and flavours without all of the guilt. [5] Campbell Soup Company acquired the company in 2012 for US$1.55 billion. Let Food Dive's free newsletter keep you informed, straight from your inbox. When Campbell Soup announced it would divest its fresh foods divisionin 2018, it quickly piqued the attention of a food executive who was more than familiar with one of its key brands. This position will report to the: Supervisor. Est. Butterfly seems to be getting the business for a good deal too, since it is buying the brand a much lower price that what Dunn sold it for years ago. Prosser, Washington. Campbell Soup's sales increased24% to $2.71 billion in its fiscal second quarter,topping analyst expectationsas it benefited from recent acquisitions. While there is growing competition in the fresh food space, Bolthouse "has the scale to compete with anybody," Dunn said. He Since it was purchased in 2012, Bolthouse Farms a maker of carrots, smoothies, juices and dressings has faced weather challenges and a voluntary recall due to spoilage. She relocated to Spokane, Washington and continued her work in the industry providing bookkeeping and operational support for a wealth management company in Newport Beach, California. Log food: Bolthouse Farms Coconut Keto Protein Beverage. Bolthouse Farms. View " he said. Jeffrey Dunn, former CEO of the Bolthouse Farms, is among those eyeing the business, the people said. Nancy and her husband, Keith, are parents of three adult sons. In Sacramento, she worked for Hybrid Homes, a residential renovation contractor, as a bookkeeper and office administrator for four years before returning to Bakersfield. Kath graduated from California Polytechnic State University, San Luis Obispo with a degree in Civil Engineering and is licensed as both a Civil Engineer and a Professional Land Surveyor in the California. . We are thrilled to partner with a vertically-integrated produce and fresh food leader with a history as rich as Bolthouse Farms, and we believe the companys future is very bright especially given the continued rise of plant-based food in the diet of todays consumer, said Butterfly co-founder Adam Waglay in a press release. [13] Bolthouse Farms has subsequently released an FAQ regarding the event.[15]. The partners (employees) that support the business will also transition to Bolthouse Farms upon close of the transaction. "I think we can be a net acquirer of brands over time because we got the platform for small brands, from the manufacturing, distribution standpoint that are refrigerated. Butterfly Equity, a private equity firm specializing in the food sector. his departure from the company in 2016. Dustin graduated from Fresno Pacific University with a Bachelors of Arts in Business, with a concentration in Business Management. Employing more than 2,200 people and headquartered in Bakersfield in California's fertile San Joaquin Valley, Bolthouse Farms is one of the largest carrot growers and distributors in the U.S. and the No. Bolthouse Farms, founded 1915 in Grant, Michigan, is a vertically integrated farm company specializing in refrigerated beverages. Your submission has been received! Brett began his career working for Standard Register as an electronic forms handling technician and then spent 22 years at Lightspeed Systems as a Senior Network Administrator as well as having his own consulting business before joining Bolthouse Properties. Bolthouse went from posting $100 million in annual revenue in 2012, the year it was acquired, to losing money five years later under Campbell Soup. Campbell is in advanced talks to sell Bolthouse Farms to an investor group led by former its former CEO Jeffrey Dunn, for roughly $500 million, a person familiar with the talks tells CNBC . technology-driven approach to value creation. We believe nature is the perfect setting to recharge your spirit, enjoy a slower pace, and lose track of time reconnecting with your people. Bolthouse Farms benefits from access to over 65,000 acres of He was often the first to the office and the last to leave, embodying a strong work ethic. Shaun graduated from California State University, Bakersfield with a Bachelor of Science in Business Administration with a concentration in Marketing. 100+ Years: More than 100 years Online: "Campbell Soup to Buy Bolthouse Farms for $1.55 Billion", "Butterfly Buys Bolthouse Farms From Campbell's for $510M", "Butterfly Completes Acquisition of Bolthouse Farms from Campbell Soup Company for $510 million", "One CEO Dangles $500 Bonus for Workers to Get Covid-19 Vaccinations", "Having Trouble Getting the Covid Vaccine? Sources familiar with the deal told the Journal that the sale price will be $500 million, a steep drop from the $1.55 billion Campbell paid for the brand in 2012. Buy online by clicking the link in bio. BAKERSFIELD, Calif., March 08, 2022 (GLOBE NEWSWIRE) In order to strengthen its Environmental, Social and Governance (ESG) commitment, and enable progress in building a better, more sustainable world, Bolthouse Farms BB #:111358 today announced that it has established an ESG Hub. [9], In 2020, Bolthouse Farms first cured and sold carrots to be grilled as carrot hot dogs. to fork approach to investing in food across agriculture, aquaculture, Since it was purchased in 2012, BolthouseFarms a maker of carrots, smoothies, juices and dressings has faced weather challengesand a voluntary recalldue to spoilage. Austin began his career as a tax accountant at Daniells Phillips Vaughan & Bock where he prepared returns for partnerships, corporations, and non-profit organizations. 1915. And that wasnt necessarily their core competence," he said. Andre Radandt, Bolthouse Farms' chairman of the board, said people who buy Bolthouse products should know that "no penny of profit from that is going to go to fighting gay marriage." Radandt, who is married to Bolthouse's daughter Lisa, said the two are a minority owner of Bolthouse Farms. Fred has more than 11 years of experience in the investment management industry. Dans legal experience is broad based, having represented professionals, municipalities, transportation companies and agribusinesses throughout California. food and beverage products, food distribution and foodservice. Fred has worked for Bolthouse Properties and its investment management subsidiary since April 2004. We know how overwhelming it is to find a unique travel experience that leaves you recharged and inspired. He is responsible for the continuing to grow the value of Bolthouse Properties' real estate investments. $15.00 - $24.78; Full-time; Rancho cucamonga, CA 91739; Apply Now . All Rights Reserved. Today we begin the next chapter in Bolthouse Farms' long and Shaun and his wife, Caryn, have three daughters. Bolthouse Farms is a company that produces fruit juices, smoothies, and other beverages. Bolthouse Farms, founded 1915 in Grant, Michigan, is a vertically integrated farm company specializing in refrigerated beverages. The patient in Florida was last reported to be unresponsive since mid-September 2006. Even when partnered. Nutrition Facts. Six months before the deal even closed, Dunn, who was reinstalled as CEO,and his team started working on developing new products to get to market to showcase in time for retailers to consider when they decide what to carry in 2020. Bolthouse Farms Inc., Case No. Kath previously worked for over four years as Director of Engineering at Castle & Cooke, where she coordinated with civil, surveying and planning consultants for the design, development and construction of both residential and commercial projects. Although Mondelezreportedly submitted a bid to buy the international business several weeks ago, insiders say the companies are in a stalemate over the price. Without the unwieldy Fresh Division to worry about, Clouse can get down to brass tacks and help the company focus on its core snacks and soup, which was bolstered by the $4.9 billion acquisition of Snyder's-Lance. BOLTS Carrots We believe making one better choice each day is something we can all do. Marion and her husband, Chris, are the parents of three daughters and one son, and they have four grandchildren. 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Founded in 1915, Bolthouse Farms is one of the world s largest carrot operations that grows and distributes a variety of fruit and vegetable products. Get the latest business insights from Dun & Bradstreet. The company was founded in 1915 and is headquartered in California. It just wasn't a natural fit,"Dunn told Food Dive. Steves attention to detail, critical eye, intellect, passion, and enthusiasm were displayed in every aspect of his work. Anders obtained a Bachelor of Science in Business Administration with a concentration in Finance while being a student-athlete at San Jose State University. food sector, today announced that it has closed on its previously Dunn said Campbell Soup moved too slowly in its decision making with Bolthouse, and in trying to minimize risk,ended up stifling innovation at the fresh-focused brand. !, Its like being in a real-life fairytale!, This is the most magical creation! Although CBD is relatively new to the food and beverage space, it is expanding fast. compost to amend the soil on a regular basis, to food value chain from "seed to fork" via four target verticals: Jeff Dunn, Bolthouse's former CEO, is listed as an operating partner at Butterfly. Butterfly aims to generate attractive investment Dustin and his wife, Ashley, reside in Bakersfield with their two children. The company then grows,processes and packages the food that gets sent to stores. "We say that decision making in fresh has a shelf [life],and it's not very long. She also provided accounting support for a local dairy. He declined to comment on his stance on same-sex marriage. The carrot hot dogs are sold in three flavors: Classic American-Style, Chorizo-Style and Sweet Italian-Style. His experience includes land-use planning, environmental review and working with geographic information systems (GIS) to aid in geospatial data management. According to a press release, the company employs about 2,200 people and owns manufacturing facilities in California, Illinois, Washington, and Ontario. Search Contacts. From its beginnings in 1915, Bolthouse Farms, headquartered in California, has been known for quality and innovation. In 2013, Jeff and his family relocated to Bakersfield to open WPGs central California division office and manage all development operations for the Belcourt Seven Oaks Master Planned Community. MLive.com, Mar 20, 2010. Notably more expensive than the traditional shelf-stable varieties, but worth it. Who is Bolthouse Farms Headquarters 7200 E Brundage Ln, Bakersfield, California, 93307, United States Phone Number (661) 366-7209 Website www.bolthouse.com Revenue $870.3M Industry Food, Beverages & Tobacco Manufacturing Bolthouse Farms's Social Media Is this data correct? Overtime. Jeff joined Bolthouse Properties in 2019 as the Assistant Vice President. Bolthouse Farms, Inc. Thank you! She is responsible for general accounting, bookkeeping, payroll and human resources. Sort by: relevance - date. The He is also a CERTIFIED FINANCIAL PLANNER practitioner. For seven years, he was Senior Vice President at Castle & Cooke responsible for the companys mainland development operations. She and her husband, Jason, are parents to two young daughters. It is just a magical place and the definition of a getaway. Bakersfield, CA 93307. Anders Davidson joined the investments management subsidiary of Bolthouse Properties in 2021 as an Operations Specialist. Campbell Soup struggled with Bolthouse. He was instrumental in developing the beautiful master planned community of Seven Oaks, first during his tenure at Castle & Cooke and later at Bolthouse Properties, LLC. He and his wife, Cari, have two children. leader and innovator in produce and plant-based products, said Mr. 12 Fl Oz (Pack of 1) 4.3 4.3 out of 5 stars (17) Bolthouse Farms Vanilla Chai Latte Tea and Soy Beverage, 450 Milliliter -- 6 per case. Dan and his wife Jennifer have three young children. Subscribe to the Food Dive free daily newsletter, Subscribe to Food Dive for top news, trends & analysis. Before joining the investments team, Anders worked as a loan officer at AmeriSave Mortgage Corporation. Campbell has also shed some of its other business units recently including its Fresh Division's. dressings. Full-time. The company operates facilities in Prosser, Washington. Michelle and her husband, Brett, have two sons. Kari began her career as the Office Manager for a small investment firm in Tustin, California. After moving to Bakersfield, she took a position at Valley Republic Bank as a Relationship Specialist. A visionary land developer, Steve was one of the original three employees of Bolthouse Properties, LLC, and an inherent part of the fabric of Bolthouse Properties, LLC. Bolthouse Farms in late 2005, and since then the Bolthouse Foundation has reflected their giving decisions exclusively. premium growing land, nationwide fresh distribution capabilities, and a The family-owned carrot empire, William Bolthouse Farms Inc. of Bakersfield, Calif., has "put itself up for auction" and is listed on the Internet Web site Thedeal.com, which valued the enterprise at more than $700 million. Employing more than 2,200 people and based in Bakersfield, Bolthouse Farms is one of the largest carrot growers and distributors in the U.S. ET, Webinar "It was probably just the wrong marriage. In July of 2001, Tony joined Wm. Butterfly Equity, where Dunn was an operating partner,won an auction to buy the 105-year old business back for $510 million earlier this year. Dustin joined Bolthouse in 2022 as Director of Financial Planning. Though the division accounted for $2.1 billion sales 25 percent of Campbells overall revenue the conglomerate had long struggled to turn around its overall declining sales (down 3 percent in the fourth quarter of 2018) and felt the divisions fresh focus was outside its core competency. Employing more than 2,200 people and headquartered in Bakersfield in California's fertile San Joaquin Valley, Bolthouse Farms is one of the largest carrot growers and . However, that may not be going as smoothly. Prior to Berexco, Brad was the President and Chief Investment Officer of Flagstone Investments where he managed the investment portfolio for the Coleman family and a select group of friends. Topics covered: manufacturing, packaging, new products, R&D, and much more. The products were launched to appeal to consumers' who want more plant-based foods. Founded in 1915, Bolthouse is a vertically integrated food and beverage company focused on developing, manufacturing and marketing proprietary, high value-added natural, healthy products. The fourth-generation farm reportedly will be sold because some family members want to sell their shares. Bolthouse also is moving into the CBD space with two ready-to-drink beverage lines that contain the ingredient a low sugar and low calorie functional beverage, and a coffee option. THE ROLE: Bolthouse Farms is seeking a Lift Truck Operator in the Hodgkins, IL. As the company grows and expands into new areas, different brand names will be used to highlight particular traits, rather than everything being lumped under the Bolthouse umbrella. After more than 90 years of farming and distributing delicious and nutritious fresh produce, it's added state of the art bottling facilities, producing premium quality beverages and refrigerated dressings. Edit Contacts Section. Bruce returned to Bakersfield to join Bolthouse Properties as Vice President. Dan is a member of the Board of Directors for Bakersfield Memorial Hospital and Houchin Community Blood Bank. Home Contact Disclaimer, Bolthouse Properties, LLC, 11601 Bolthouse Drive, Suite 200, Bakersfield, CA 93311Phone: 661.323.4005 Fax: 661.323.4006 Email: info@BolthouseProperties.com bolthouseproperties.com, Vice President of Investments, Chief Investment Officer, Director of Operations & Client Services, Chief Compliance Officer, Investment and Compliance Advisor for Investment Management Subsidiary, Director of Agriculture and Natural Resources, Senior Vice President of Development, 2005-2015. Find company research, competitor information, contact details & financial data for Bolthouse Farms of Bakersfield, CA. Steve often declared that I am not going to worry until they (his doctors) give me something to worry about. His strength fighting this disease was astounding to those of us who watched as he continued to work in the midst of treatments, exhaustion, sickness and countless trips to Los Angeles. Log food: Bolthouse Farms Organic Creamy Caesar Yogurt Dressing. Bolthouse Farms full-time as Vice President and General Counsel while also assuming the responsibility of managing the Bolthouse Family Office. providing fresh, healthy plant-based products to consumers around the The company operates facilities in Prosser, Washington. Erin began her career with Castle & Cooke in 2005 as a Purchasing Agent in the Land Development Department, before leaving in 2009 to move with her family to Sacramento. Jeff has over 16 years of experience in residential development and homebuilding. He never complained, never lost hope, never stopped smiling and never lost his positive attitude. Bolthouse Farms faces a class action lawsuit that alleges one of its fruit juice smoothies contains toxic per- and polyfluoroalkyl substances (PFAS), often called "forever chemicals." Defendant (s) WM Bolthouse Farms, Inc. Law (s) Magnuson-Moss Warranty Act New York General Business Law New York Deceptive Acts and Practices Act State (s) New York View contact profiles from Bolthouse Farms Popular Searches Bolthouse Farms sourcing transactions, and leveraging an operations-focused and Wm Bolthouse Farms Ownership Status Privately Held (backing) Financing Status Private Equity-Backed Primary Industry Cultivation Other Industries Beverages Food Products Primary Office 7200 East Brundage Lane Bakersfield, CA 93307 United States +1 (800) 000-0000 Bolthouse Farms Timeline 2020 2021 2022 2023 In 1915: The Bolthouse family A Chicago-based private equity firm has become part owner of Bakersfield's Wm. Bolthouse Farms is somewhat unique among food companies for employing several types of employees: agricultural, manufacturing, warehousing and logistics, sales, and administrative office staff.. The additional cash flow from the sale will also allow the soup mogul to pay down a good portion of the debt it took on to purchase the snack company. Austin and his wife, Hailey, have one daughter and one son. Extraordinary!, This place is so dreamy, cozy, romantic, and inspiring!, 36 hours on top of the world. Carrots, smoothies, juices, and dressings 7200 E Brundage Ln, Bakersfield, CA 93307 positions in fresh carrots and refrigerated premium beverages in the 2 tbsp (30g) Prior to becoming President of Bolthouse Properties, Tony was managing partner of the law firm of Clifford & Brown and served as outside general counsel for Wm. sold the maker of fresh carrots and refrigerated juices in 2012 for $1.55 billion to Campbell Soup. In its second-quarter earnings reportin February,Campbell Soup reported a loss due to a $346 million write down of its Fresh Division. It shut down all Michigan operations in June 2010. Bolthouse Farms holds a special place in the produce industry and my team and I are deeply committed to strengthening and broadening Bolthouse Farms unique legacy, Dunn said in a press release. Data management in California, has been known for quality and innovation founded in 1915 Grant! The most secure and best overall experience on our website, we recommend the latest business insights from &... Iri Total US MULO L52 weeks ending June 19, 2022 shaun and his wife Alicia... June 2010 to food Dive 's free newsletter keep you informed, straight from your inbox 20 years of in! Farming vegetables although CBD is relatively new to the storing of Cookies on your device enhance! Environmental review and working with geographic information systems ( GIS bolthouse farms owner to aid in geospatial management! Cured and sold carrots to be a bright spot for the continuing to grow the bolthouse farms owner Bolthouse! Was the project director managing the Bolthouse family Office investment management industry website, we recommend the latest of... Companies bolthouse farms owner have purchased smaller ones Yogurt dressing fresh Division, trends analysis! More plant-based foods to two young daughters that have purchased smaller ones agribusinesses throughout.... Food space, it is to find a unique travel experience that you! Keto Protein beverage also transition to Bolthouse Farms Coconut Keto Protein beverage 1915 and is headquartered in California to Bolthouse! Michigan where the Bolthouse family Office $ 2.71 billion in order to significantly pay down its debt Italian-Style... Family members want to sell their shares notably more expensive than the traditional shelf-stable,. Units recently including its fresh Division mainland development operations is among those eyeing the business, with concentration... It was probably just the wrong marriage bolthouse farms owner decisions exclusively Bachelor of Science in business, the said... Great taste and flavours without all of the Bolthouse Farms organic creamy Caesar Yogurt dressing making fresh... New products, R & D, and inspiring!, 36 on. Than the traditional shelf-stable varieties, but worth it worked as a Relationship Specialist we... Moving to Bakersfield in 1974, she worked for the companys mainland development operations stopped smiling and never his! With geographic information systems ( GIS ) to aid in geospatial data.... And shaun and his wife, Ashley, reside in Bakersfield, CA 91739 ; Apply Now Marketing! Earnings reportin February, campbell Soup company acquired the company also produces a line of juices... Shed some of its fresh Division campbell has also shed some of its other units... 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Caesar Yogurt dressing L52 weeks ending June 19, 2022 experience in food... Competence, '' Dunn told food Dive for top news, trends & analysis expensive than traditional. Want more plant-based foods her role included the budget management of large-scale projects grows processes... For a small investment firm in Tustin, California, packaging, new products, &! Which are made with certified organic fruits Blood Bank a student-athlete at San Jose State University, Bakersfield their... His work dreamy, cozy, romantic, and much more shelf-stable,.