Harry’s Fresh Foods Merger with Kettle Cuisine

“We have worked with several individuals at Zachary Scott on a variety of engagements ranging from debt and equity investments to due diligence and advisory engagements. Without exception, we have found Zachary Scott to be very responsive and professional.

What sets them apart from other firms with whom we have worked is their candor in openly sharing their reasoned opinions. The team at Zachary Scott takes very seriously the engagements for which they are hired, and they do not simply provide the advice that the client wants to hear.”

Stanley McCammon, President & CEO, Joshua Green Corporation

Situation

Harry’s Fresh Foods (“Harry’s” of the “Company”) is a leading producer of chef-inspired fresh refrigerated and packaged soups, entrees, sides, sauces and desserts for the retail and foodservice markets. Following its acquisition of Campbell’s Stockpot soup plant, Harry’s owned the most efficient plant in the industry. Harry’s owner, the Joshua Green Corporation (“JGC”), elected to explore a strategic business combination with an industry participant to further improve unit production costs and increase scale.

ZS Role

Zachary Scott was engaged by the JGC/Harry’s team to evaluate Harry’s strategic position and negotiate a merger of the business.

Results

Harry’s was merged with Kettle Cuisine, a portfolio company of Kainos Capital. Together, Harry’s and Kettle Cuisine combine to form one of the industry’s largest and most efficient operations.