CHICAGO, IL – June 8, 2012; City Capital Advisors, a results-oriented investment banking firm serving the middle market, announced today that it advised Kim & Scott’s Gourmet Pretzels in the sale of the company to J&J Snack Foods, a transaction led by City Capital Managing Director Rachel Corn Kluge.
City Capital Advisors was hired as the exclusive financial advisor to Kim & Scott’s Gourmet Pretzels in connection with the sale of the company to J&J Snack Foods. “For the past 16 years, we have put our heart and soul into this small business,” says Scott Holstein, founder of Kim & Scott’s Gourmet Pretzels. “We sought out this opportunity from J&J to ensure bigger and better for our brand, our company and our family.”
Gerald B. Shreiber, President and Chief Executive Officer of J&J Snack Foods Corp., commented “We are delighted to acquire this prestigious brand and look forward to growing it further. Scott Holstein will remain with the company as Senior Vice President.
About Kim & Scott’s Gourmet Pretzels
Kim & Scott’s Gourmet Pretzels is a small soft pretzel company based in Chicago which features all natural premium pretzels. Each Kim & Scott’s all natural pretzel is twisted by hand and made from scratch. The pretzels, which offer flavors including stuffed grilled cheese and stuffed pizza, are a great source of whole grains and free from trans fat, preservatives and hydrogenated oils.
About J&J Snack Foods
J&J Snack Foods Corp. is a manufacturer, marketer and distributor of a variety of nutritional, popularly priced, branded niche snack foods and beverages for the food service and retail supermarket industries. The Company is listed on the NASDAQ exchange as “JJSF”, and serves both national and international markets. J&J’s principal products includes frozen soft pretzels under SUPERPRETZEL®, Pretzel Fillers® and other brand names; ICEE® frozen beverages; LUIGI’S® Real Italian Ice, Whole Fruit®; frozen juice bars under the Minute Maid®, Barq’s®, SHAPE UPS® and CHILL® brand names; TIO PEPE’S® churros; The Funnel Cake Factory® funnel cakes; and cookies under the Mrs. GoodCookie® and CAMDEN CREEK® brands.
About City Capital Advisors, LLC
City Capital, a FINRA registered broker-dealer, is a results oriented investment and merchant banking advisory firm. Client engagements are managed exclusively by experienced senior bankers who deliver business owners optimal performance in capitalizing on the value of their companies and meeting their objectives as shareholders. City Capital’s professionals have successfully advised clients on investment banking transactions totaling in excess of $60 billion.