Brad's Raw Chips, LLC Announces Recapitalization And Change Of Control -- PIPERSVILLE, Pa., Feb. 11, 2015 /PRNewswire/ --
May 14, 2015
Brad's Raw Chips, LLC Announces Recapitalization And Change Of Control
PIPERSVILLE, Pa., Feb. 11, 2015 /PRNewswire/ -- Brad's Raw Chips, LLC announced a recapitalization and change of control and leadership with an investor group led by Arthur J. Pergament, CEO of Pergament Advisors, LLC and Pergament LOHAS Fund, LLC. Pergament converted all its debt into equity and invested additional equity capital to support the Company's next growth phase. "When I first started selling homemade raw chips at farmer's markets six years ago I never imagined it would turn into the multi-million dollar business it is today," said Brad Gruno, founder of Brad's Raw Chips, LLC. "I am so proud of the tremendous success of Brad's Raw Foods, and I'm confident that this nationally-known and respected brand will continue to expand. "
Pergament has made several key hires including experienced Sales Executives Cindy Liggett and Paul Miller and Plant Manager Cyrus Shunk. Even though Brad Gruno is moving onto new opportunities, he will remain a minority shareholder. The new leadership and financing provides Brad's Raw Foods the opportunity to become the pre-eminent premium healthy snack food brand. Corporate Controller Kemper Messner said, "These are exciting times at Brad's Raw Foods as the new ownership will provide additional working capital and leadership for expanded growth via an increased level of research and development, innovative production technology and new products in the market place. "
Arthur Pergament stated, "Brad's is a strong brand primed for tremendous growth with an energetic team of experienced professionals. We appreciate all the retailer, customer, and partner support and we look forward to expanding Brad's product selection. Brad's mission is to provide a wide selection of the healthiest, highest quality foods with integrity and we strive to provide that to our customers every day. "
Brad's Raw Foods, based in Pipersville, PA, is a raw snacks focused brand with products made from a combination of fresh vegetables, nutrient dense leafy greens, and sprouted nuts and seeds. The chips are dehydrated instead of baked or fried to ensure that all the nutrients and live enzymes are preserved. Product line is led by leafy kale with accompanying vegetable chips and the newly launched broccoli poppers. The Company manufactures all its products at its facility in Pipersville, PA. More information on Brad's Raw Foods can be found on the company website at www.bradsrawchips.com . Pergament Advisors, LLC, founded in 1999, is family office managing diversified assets in the public and private markets. The firm launched Pergament LOHAS Fund for investments focused in the health, wellness, and sustainability sector. Pergament has invested in several successful healthy food companies including Organic Avenue, Brad's Raw Foods, Big Tree Farms, gimMe Organic, and Little Duck Organics. More information on Pergament LOHAS Fund can be found on the company website at www.pergamentlohas.com . Media Contact: Steven Brown, Pergament LOHAS Fund, 1-212-994-6240
SOURCE Brad's Raw Chips, LLC