Kirkland & Ellis Represents Gryphon Investors in $860M Sale of Flagstone Foods

Kirkland & Ellis LLP represents Gryphon Investors, a San Francisco-based private equity firm, which announced today that it has agreed to sell its portfolio company Flagstone Foods™ to TreeHouse Foods in a transaction valued at $860 million. Flagstone Foods is one of the nation’s leading providers of branded and private-label healthy snacks to major retailers across North America in the multibillion-dollar healthy snacks sector. The company was formed in November 2010 when Gryphon simultaneously acquired two independent companies, Ann’s House of Nuts®, the largest private-label manufacturer and marketer of trail mix and snack nuts in the world, and American Importing Company® (Amport Foods), the largest private-label manufacturer and marketer of dried fruits, to create the leading healthy snacks manufacturer in the country.

The Kirkland team includes corporate partners David Breach and Noah Boyens, corporate associates Leah Recht and Federico Baradello, environmental partner Paul Tanaka and associate Martin Sul, tax partner David Kung and associate Heidi Yuen, employee benefits partner Robert Zitko and associate Sarah Kregor, labor and employment partner Edward Holzwanger and intellectual property partner John Lynn.

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