Hometown Food Company, a wholly-owned portfolio company of Brynwood Partners VIII L.P., has completed the $375 million deal to acquire the exclusive rights to the Pillsbury branded shelf-stable baking and dessert products and use of the Pillsbury Doughboy in these categories. Also included in the company’s portfolio are the Funfetti, Hungry Jack, While Lily, Jim Dandy and Martha White brands.
Hometown Foods will be headquartered in Chicago and will operate its 650,000-sq.-ft. manufacturing facility in Toledo, Ohio. The company is expected to employ about 50 people in its Chicago headquarters.