FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Stonegate Capital Provides $6.5MM to Natural Foods Manufacturer

September 29, 2017, 08:00 AM
Filed Under: Food Manufacturing

Stonegate Capital announced it has made a $6.5 million senior debt investment into Simple Mills to support the company’s growth plan. 

Headquartered in Chicago, IL, Simple Mills’ products include baking mixes, cookies and crackers that are made of only simple and whole food ingredients.  Products are paleo-friendly and free of grain, gluten, soy, artificial flavors and fillers. The business is at the forefront of a clean food movement that is shaping the next generation of natural food, and its delicious recipes have translated into significant growth since the Company’s launch in 2013. 

“Darren and his team have been terrific to work with as we’ve grown the business and we’re excited to expand our partnership with them,” said Katlin Smith, Founder and CEO.  Simple Mills will utilize the senior debt facility to support continued product and store expansion. This investment aligns well with Stonegate’s support of the high growth consumer product space, and “we couldn’t be more pleased to partner with Katlin and her team as they execute their plan”, said Darren Latimer, CEO of Stonegate.


Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.