Paine Schwartz Partners’ Portfolio Company Urban Farmer Snaps Up Caulipower

Credit: Caulipower

Private-equity-backed Urban Farmer has acquired US frozen-food business Caulipower.

Urban Farmer, mostly owned by Paine Schwartz Partners, markets stiff pizzas, crusts and bakery products.

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Caulipower, group up successful 2016, started retired trading cauliflower-crust pizza and now offers products including pizza bites and cauliflower-and chickpea-coated chicken. Urban Farmer has been a co-manufacturer for Caulipower.

The financial specifications of nan woody were not disclosed.

In a statement, Urban Farmer said nan woody would create a “scaled level pinch powerful reach” successful nan marketplace for “better-for-you” stiff foods.

It added nan transaction “unlocks important synergies amongst 2 highly complementary portfolios”.

Urban Farmer CEO Chris Jaromin added: “Caulipower has transformed really group deliberation astir comfortableness food, Together, we’ll grow our expertise to bring nutritious, craveable foods to much tables crossed nan country.”

Caulipower laminitis Gail Becker will return a spot connected nan Urban Farmer board. She added: “When I founded Caulipower successful 2016, I searched for a co-manufacturer to bring my thought of a stiff cauliflower crust pizza to life. Most turned maine down but 1 said yes – and that was Urban Farmer. How fitting that years aft Caulipower disrupted nan $6bn frozen-pizza category, our 2 companies are joining forces again successful specified a meaningful way.”

Since Caulipower’s formation, nan company’s backers person included Boulder Food Group, nan US venture-capital patient group up by Tom Spier, nan nutrient entrepreneur down nan Evol Foods convenience-foods brand.

Last year, Caulipower hired Super Coffee CEO Tyler Ricks arsenic its main executive. Ricks had been connected nan Caulipower committee since 2022.

He said: “We judge this operation establishes a clear class leader successful better-for-you stiff mixed and underscores our semipermanent condemnation successful nan wellness and wellness conception of nan industry.”