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TKO Miller Advises GLK Foods on the Sale of its Sauerkraut Division
Thursday 18 August 2022

US-based middle-market investment bank TKO Miller advised US-based food products producer GLK Foods, LLC, whose product lines include sauerkraut and Oh Snap! pickled vegetable products, has divested its Sauerkraut Division to Fermented Food Holdings, Inc, the firm said.

GLK Foods is headquartered in Appleton, Wisconsin and has been a family-owned operation for four generations since 1900.

GLK's Sauerkraut Division is the largest producer of sauerkraut in the world, serving grocery, foodservice, and industrial co-pack markets.

The Sauerkraut Division produces in-house brands such as Cortland Valley, Flanagan, Silver Floss, and Saverne, and co-packages the majority of all North American sauerkraut brands including privately labeled and other industrial co-packaged brands.

In addition to its market-leading sauerkraut business, GLK Foods also produces and markets the Oh Snap! line of pickled vegetables. This business will be retained by GLK Foods.

FFH is a food company dedicated to bringing together fermented food brands to reach a broader group of consumers and introduce them to the benefits of fermented foods.

Founded in 2021 by Oliver Joost and Marcelo Marim, FFH seeks to leverage its partners' experience to accelerate the growth of its portfolio, as well as the fermented foods category.

TKO Miller, LLC is an independent, advisory-focused, middle-market investment bank.
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Date Published: 18/08/2022

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