Bolthouse Farms, he became President of Bolthouse Properties. Tony graduated from University of the Pacific with a Bachelor of Arts and from McGeorge School of Law, University of the Pacific with a Juris Doctor. Even the leftover carrot tops are used as fertilizer in the fields. Location: Hodgkins, IL. Californias Central Valley. The fresh food brand was weighed down by issues such as weather challengesaffecting its carrot operations and a voluntary recallbecause of spoilage. Prior to joining the company, he held multiple strategic roles with Wm. Her responsibility is to support the Vice President of Investments and the Accounting Manager with the operations of the investment management subsidiary. Steven graduated cum laude from Regent University with a Bachelor of Science in Business and from Grand Canyon University with a Master of Business Administration, where he was inducted into the Delta Mu Delta business honor society. to fork approach to investing in food across agriculture, aquaculture, [5] Campbell Soup Company acquired the company in 2012 for US$1.55 billion. positions in fresh carrots and refrigerated premium beverages in the [2], In an effort to reduce the costs of preventative safety protocols for COVID-19 infections and to more quickly reach herd immunity within the company, Bolthouse secured vaccine doses from public health officials to be given directly to their workers. Anders obtained a Bachelor of Science in Business Administration with a concentration in Finance while being a student-athlete at San Jose State University. Erin joined Bolthouse Properties in 2015, with 8 years of experience in accounting for residential and land development projects. Perfect for couples, honeymoons & romantic getaways. The state of California's website doesn't offer any information on what this shadowy 3rd Bolthouse holding does or who owns it. Search Contacts. He has talked to private equity funds to help raise money to fund that bid, the people say.. Brad joined Bolthouse in 2021 as Vice President of Investments, Chief Investment Officer. [13] Bolthouse Farms has subsequently released an FAQ regarding the event.[15]. While there is growing competition in the fresh food space, Bolthouse "has the scale to compete with anybody," Dunn said. [6][7], In September 2010, a marketing initiative was launched by a group of nearly 50 carrot producers led by Bolthouse Farms (calling themselves "A Bunch of Carrot Farmers") sought to promote baby-cut carrots as an alternative to junk food for children. Joe and his wife, Danielle, have one daughter and one son. In 1996, she joined the administrative department of a large, local public accounting firm and advanced to the position of Controller. At Bolthouse Farms, we believe in making better It just wasn't a natural fit,"Dunn told Food Dive. Michelle joined Bolthouse Properties in 2006 and has over 20 years of administrative and operational experience. Prior to joining Bolthouse, he spent over 13 years advising clients on their investment, insurance, and financial planning needs. "We have a big platform that you could plug into smaller more entrepreneurial brands into, so well be more open to innovation that way. $20 - $22 an hour. The ESG Hub represents a sharpened focus on key issues and will facilitate heightened integration of ESG . providing fresh, healthy plant-based products to consumers around the 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? Butterfly aims to generate attractive investment Prior to joining Bolthouse, he was Sr. Investment Director at Berexco LLC where he managed the familys investment portfolios across a wide range of asset classes, including publicly traded equities and bonds, venture capital, private equity, private debt, hedge funds, and real estate. We know how overwhelming it is to find a unique travel experience that leaves you recharged and inspired. Bolthouse is working on rice, fettuccine and waffle-cut fries made from the root vegetable. Our team members are among the best and most dedicated experts in the industry, and our commitment to uncompromising integrity and personal responsibility sets us apart. While these are great brands and solid businesses, they do not fit with our new strategic direction and we believe they will be of greater value to new owners who are focused on these categories and geographies, McLoughlin told investors. 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. The . 2:23-cv-00373, in the U.S. District Court for the Eastern District of New York. Pay Range: $20.00 - $25.00. Based in California, Bolthouse Farms produces plant-based milks, juices, protein drinks, salad dressings, and baby carrots. And that wasnt necessarily their core competence," he said. Bolthouse Farms is a vertically integrated food and beverage company For Bolthouse Farms though, it seems to be more or less smooth sailing as the brand seems to be returning home to its former leader. [16][17] Mr. and Mrs. William J. Bolthouse sold their interest in Wm. Tony and his wife, Dayna, have two adult sons. Founded in 1915, Bolthouse Farms has built a health conscious legacy founded on carrots, expanding to drinks, dressings and beyond. 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. Bolthouse Farms is a company that produces fruit juices, smoothies, and other beverages. Marion began her career as a Bookkeeper and Payroll Clerk in the construction industry. He is responsible for developing financial models for real estate properties, preparation of financial statements, preparation of income tax and corporate reports and the budgeting process. Extraordinary!, This place is so dreamy, cozy, romantic, and inspiring!, 36 hours on top of the world. During his time in public accounting, he also participated in tax-planning activities and client acquisition. continued leading the business for Campbell Soup Company from 2012 until The company offers all things carrot, including fresh and frozen whole carrots, carrot sticks and chips, carrot (and other) chilled juices and smoothies, and those cute little pre-cut and pre-peeled baby carrots for both retail consumers and food service industry customers. replenish organic matter and nurture the roots. LOS ANGELES--(BUSINESS WIRE)--Butterfly, a Los Angeles-based private equity firm specializing in the During his time there, he worked on both the purchase and refinance sides of the business. In 1982, she started a 21-year working relationship with Kenneth W. Kind, Attorney at Law, specializing in contract and real estate law. Campbell was hoping for $3 billion in order to significantly pay down its debt. Check out our list of Class Action Lawsuits and Class Action Settlements you may qualify to join! This position will report to the: Supervisor. Today we are excited to formally join Bolthouse Farms on its mission of One 8-fluid ounce serving of this juice blend provides 10 percent of the daily value of Vitamin D, 100 percent Vitamin C, 20 percent Vitamin E and 90 percent Zinc. In Memoriam Stephan John DeBranch Senior Vice President of Development, 2005-2015 In November, 2015, Steve DeBranch, Bolthouse Properties, LLC's Senior Vice-President of Development, returned home to his Heavenly Father after a long, courageous battle with pancreatic cancer. Shaun Harris joined Bolthouse Properties in 2021 as a Property Accountant, bringing over 14 years of experience in billing, financial reporting, and customer service. Prior to joining Bolthouse Properties, Brian served as CFO at Lightspeed Systems and Jim Burke Ford in addition to working in local and national nonprofits. In 2014, she joined a major real estate development company as a Project and Budget Coordinator and advanced to the position of Sr. Contract and Budget Coordinator. oz., Cream. He will be leading strategy for Bolthouse Investments client portfolios. Get the latest business insights from Dun & Bradstreet. Edit Contacts Section. Fred has more than 11 years of experience in the investment management industry. $6.61 each ($0.37 / oz) Carnation Breakfast Essentials Rich Milk Chocolate Complete Nutritional Drink, 17.7 oz. Butterfly Equity ("Butterfly") is a Los Angeles, California based Marion brings over 30 years experience in bookkeeping, payroll and employee benefits to Bolthouse Properties. Buy online by clicking the link in bio. Brad holds a Bachelor of Science in Business with a double major in Finance and Accounting from Emporia State University and a Master of Business Administration with an emphasis in Economics from Wichita State University. Bolthouse Farms Inc., Case No. He is responsible for tenant billing, financial reporting, and lease administration for our commercial properties. As pressure from activist investor Daniel Loeb hovers, Campbell is looking to find even more cash flow to turn things around for shareholders. Bolthouse Farms Superfood Immunity Boost is made with elderberries, cranberries and echinacea to help support a healthy immune system and overall wellness. Rebekah Curran joined the investments management subsidiary of Bolthouse Properties in 2022 as an Operations Specialist. Brad graduated from California Polytechnic State University, San Luis Obispo with a degree in City & Regional Planning. He is also responsible for managing construction, renovation, and maintenance of all company projects and buildings, including coordinating with contractors, vendors and tenants. Yvonne began her career as a Front Office Medical Assistant for Patrick Leung M.D in 2005. It is located in the San Joaquin Valley of California and is headquartered in Bakersfield, California in Kern County. Campbell Soup Co said on Friday it would sell its Bolthouse Farms business to an affiliate of private equity firm Butterfly Equity for $510 million, in the U.S. food company's first major sale as . She and her husband, Ben, have two sons. The deal will return control of Bolthouse to Jeff Dunn, an operating partner at Butterfly who will again assume the chief executive role at Bolthouse upon the deals close. He declined to comment on his stance on same-sex marriage. "Consumers to blame for botulism outbreak, juice maker says" CBC News, Wednesday, October 11, 2006. Bill Levisay. Through his intellect, leadership and foresight he was instrumental in shaping who we are today and who we will be well into the future. Oops! 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. Sandra and her husband, Mark, are the parents of three sons and one daughter. 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 Perfect for friends & families. She and her husband, Jason, are parents to two young daughters. The partners (employees) that support the business will also transition to Bolthouse Farms upon close of the transaction. Kari has worked for Bolthouse Properties and its investment management subsidiary since 2005. food value chain from "seed to fork" via four target verticals: The brand is also aiming to innovate carrots in the same way manufacturers have brought new life to cauliflower. His responsibilities include planning and oversight of enhancement and improvement activities. Learn More Featured Recipes Recipe 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 . For additional information Topics covered: manufacturing, packaging, new products, R&D, and much more. Company Description: Bolthouse Farms is one of the country's largest producers of fresh-cut carrots. This is due in large part to the company's decision to oversee the development of new products using new and existing technologies,including CRISPR. country, said Butterfly Co-Founder Adam Waglay. About Us - Bolthouse Farms A Century Worth of Roots In 1915 In 1915: The Bolthouse family begins farming carrots in Grant, Michigan. Although CBD is relatively new to the food and beverage space, it is expanding fast. Brett joined Bolthouse Properties in 2017 with over 25 years of experience in information technology. BOLTS Carrots We believe making one better choice each day is something we can all do. 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. Austin and his wife, Hailey, have one daughter and one son. All Rights Reserved. Following the sale of the farming operations, Bolthouse retained ownership of over 20,000 acres of land, thereby forming Bolthouse Properties. 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. [1] The company changed hands once again in June 2019, when Campbell sold it to Butterfly Equity.[2][3]. The company was founded in 1915 and is headquartered in California. Founded in 1915 and based in Bakersfield, CA and Santa Monica, CA, ET, Webinar This position will report to the: Supervisor. Prior to joining Bolthouse, Joe interned for the fixed income division of the California Public Employees Retirement System (CalPERS) in Sacramento and at the Charles Schwab Center for Financial Research in San Francisco. She is mother to two young daughters and a high school age son. 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. Reached for comment by BevNET, a representative for Butterfly declined to comment further, noting that the transaction has not closed and is still subject to regulatory approvals and price adjustments. In 2012, BolthouseFarms had $100 million in annual revenue, but now its losing money. He left in 2016 to join Butterfly Equity, a private equity firm specializing in the food sector. 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. 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. Fred has worked for Bolthouse Properties and its investment management subsidiary since April 2004. Bolthouse Farms BOLTS Immunity. Est. Brian is a Certified Public Accountant (CPA) and a Certified Management Accountant (CMA). Joe joined the investment management subsidiary of Bolthouse Properties in 2014, bringing expertise in fund manager selection and in fixed income investing. As 2nd Timothy declares, Steve can now say I have fought the good fight. Nancy joined Bolthouse Properties in 2013, bringing thirteen years of experience as a legal assistant. For seven years, Campbell Soup has been brought down by its Bolthouse Farms brand. He declined to comment on his stance on same-sex marriage. Brad joined Bolthouse Properties in 2014, bringing experience in regional and urban planning to the company. "We're in an incredible space and we're repositioning the business around this plant-based movement, which, to me, is kind of a no-brainer.". 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? Add to cart. [9], In 2020, Bolthouse Farms first cured and sold carrots to be grilled as carrot hot dogs. The company has leading market Add to list. . Wm. On September 29, 2006, the United States Food and Drug Administration (FDA) recommended that Georgia residents not purchase Bolthouse Farms carrot juice and warned consumers not to purchase Bolthouse Farms products stale-dated November 11, 2006, or earlier. Industry: Food & Beverage Manufacturing. U.S., along with a strong and growing presence in refrigerated salad Private equity firm Madison Dearborn Partners then owned Bolthouse from 2005 to 2012. Brad is also responsible for the management of agricultural land holdings and natural resources. When William Herman Bolthouse took over the farm from his parents in 1938, he expanded and. Dunn previously served as president and CEO of the brand from 2008 until 2012 when it was purchased by Campbell for $1.55 billion. Jeff Dunn, Bolthouse's former CEO, is listed as an operating partner at Butterfly. Dan is a member of the Board of Directors for Bakersfield Memorial Hospital and Houchin Community Blood Bank. It offers carrots for processors in the Midwest, as well as serves chain stores and supermarkets. Bolthouse Farms has always been committed to making healthier drinks that are just as delicious as the sugar filled, high calorie options on the market. 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. Brian has over 20 years of experience in accounting and financial management. Enjoy elevated quality time in our new mountainside Mirror Cabins that reflect nature - the first of their kind in the United States! The company also provides products under the SHORTCUTS and Bolthouse Do Brasil brands. Prior to joining Bolthouse Properties, Derek served as the Head of Agriculture for BMGI Group in Kirkland, Washington, where he was responsible for a portfolio of agricultural assets that included 150,000 acres of land and vertically integrated farming and food processing businesses. The sector experienced an operating loss of $14 million in the quarter, compared to an $11 million operating loss in 2018. She is responsible for project budgets and contract administration. He never complained, never lost hope, never stopped smiling and never lost his positive attitude. 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. sold the maker of fresh carrots and refrigerated juices in 2012 for $1.55 billion to Campbell Soup. "It was probably just the wrong marriage. He is a Chartered Financial Analyst (CFA) charterholder. Shaun began his career as a golf course accountant at Castle & Cooke, where he handled billing and financial reporting for three separate golf courses. Dunn. Bolthouse Farms. Julie began her law career in 1972 at a law firm in her hometown of Delano, California. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The company will give $500 in cash for full time hourly workers who have been vaccinated. (NYSE:CPB) for $510 million in cash, subject to customary purchase price 170 calories. I love these Bolthouse Farms yogurt dressings, and the ranch is no exception. | 2 p.m. A Bolthouse Farms juice cleanse using . 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. 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. Thank you! Derek joined Bolthouse Properties with more than 20 years of experience in agricultural economics and business management. He will be deeply missed but not forgotten. Other duties included performing member adjustments and coordinating system upgrades. 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. 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." 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