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Kaho Partners, LLC (“Kaho”) announced that it has formed Global Flavors Group, a platform to acquire and scale a leading collection of high-quality food manufacturers focused on authentic international cuisine.
Global Flavors Group’s mission is to bring authentic global flavors to American plates. Kaho is attracted to this industry due to its positive growth tailwinds – driven by the increasing diversity of the US population and growing interest in authentic international flavors – and fragmentation.
Kaho has recent, relevant experience in the food manufacturing industry. Kaho acquired Kenny’s Great Pies (“Kenny’s”), a manufacturer of high quality, clean label, cream-based pies and pie fillings, from its founder in 2020. Kaho led major investments in capacity and automation, implemented rigorous data tracking, instilled a culture of excellence and continuous improvement, and significantly expanded the sales organization. During Kaho’s hold, Kenny’s tripled revenue and quadrupled EBITDA. Kaho sold Kenny’s to Dessert Holdings, a portfolio company of Bain Capital, earlier this year.
Global Flavors Group is actively looking to acquire food manufacturers with the following characteristics:
– Cuisine: Hispanic, Asian, Indian, and Mediterranean
– Location: Headquartered in the US
– Size: Less than $10 million of profit
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Emil Kovács graduated from the Journalism program at Eötvös Loránd University in Hungary. During his journalism studies, he focused on data journalism, investigative reporting, and multimedia storytelling. He gained experience by writing for the university’s student newspaper, where he gained attention for his articles on social issues. After graduation, Emil began working as a reporter at a European news agency, where he conducts in-depth analyses of international news and current events.
