April 5, 2012 – Beacon Bay Holdings Affiliate Acquires Corazonas Foods: Heart-Healthy Snack Company Attracts Attention of Private Investment Firm
Newport Beach, CA – April 5, 2012
Beacon Bay Holdings (BBH), a leading private investment firm based in Newport Beach, CA, today announced one of its affiliates has purchased Southern California based CorazonasTM Foods, makers of delicious, heart-healthy snacks infused with cholesterol-reducing natural plant sterols.
“Corazonas has an incredibly strong, loyal following and is positioned for expanding growth and distribution in 2012 and beyond,” said Jennifer Stewart, Managing Partner at BBH. “Beacon Bay Holdings looks forward to working with our operating partner and Corazonas’ CEO, Jeffery Goh, as well as the entire Corazonas team, to continue the company’s mission of enabling all consumers to sensibly exercise their Freedom to SnackTM with Corazonas.”
“Beacon Bay Holdings is the perfect partner for Corazonas, and we’re excited to work with them to take our business to the next level,” said Ramona Capello, founder and President of CorazonasTM Foods. “Beacon Bay Holdings’ focus on supporting the company’s needs with capital as well as strategy formulation and hands-on execution support will enable Corazonas to achieve its aggressive growth plan.”
Using a patented process, Corazonas infuses its Oatmeal Squares and Tortilla Chips with plant sterols, which are naturally-occurring plant-based compounds found in fruits and vegetables that are clinically proven in more than 140 studies to help reduce LDL (bad) cholesterol. Corazonas Oatmeal Squares are available in seven sweet flavors while Corazonas Tortilla Chips come in three savory flavors. All Corazonas snacks are all-natural and have 0 grams of trans fats.
Corazonas Foods are available at natural food and grocery retailers nationwide, including Kroger, Safeway, Ralph’s, Vons, Fresh & Easy, Fred Meyer, Costco Wholesale, Vitamin Shoppe, QVC, Walgreens, Publix and H.E. Butt. They are also available online at Corazonas.com, Amazon.com, VitaminShoppe.com, drugstore.com, Walgreens.com, and Costco.com. For more information, please visit www.Corazonas.com.
About Beacon Bay Holdings
Beacon Bay Holdings and affiliates (Beacon Bay Holdings, BBH), is a leading private investment firm. For more than a decade BBH has focused on partnering with leadership teams to grow significant value in businesses. Typical investments are between $5 million to $50 million of equity in companies with $10 million to $200 million of revenue headquartered in North America, and the firm has direct experience in a diverse range of industries and types of transactions including growth, buy-out and distressed. BBH is an expert at finding creative investment solutions to meet varying stakeholders’ needs – often when others cannot. The firm has extended this creativity to its fund structure by sponsoring direct investment vehicles tailored specifically for family offices that provide alignment of interests and focus on generating multiples of invested capital after-tax with low risk. BBH brings seasoned operating and investing experience combined with a track record of closing transactions, building great companies and generating strong investment returns. Beacon Bay Holdings is the trusted investment partner to grow value in businesses. For more information, please call us at 949-464-4100 or find us online at www.beaconbayholdings.com.
About Corazonas Foods
Corazonas Foods is named after the Spanish word for heart, corazón, and our passion is combining amazing taste and texture with proven effective heart-healthy and all natural ingredients. Our patented secret is infusing our snacks with plant sterols, all-natural fruit and vegetable extracts that have been clinically proven in over 140 studies to fight heart disease by lowering cholesterol. You can find our tasty Oatmeal Squares (in seven sweet flavors) and Tortilla Chips (in three savory flavors) at an expanding range of specialty, grocery, Costco and online stores, as well as at www.corazonas.com. Exercise your Freedom to SnackTM today.