Marcelo Young, executive for a multi-national food company based in Argentina, identifies need for value-priced brand-equivalent food items by U.S retailers
Transnational founded by Marcelo Young in Miami in 2002 and gains rapid penetration in Dollar Store channel just as they begin expanding food offerings
During Recession of 2008-09, U.S retailers expand value brand offerings and TNF is well positioned to grow as consumers shift towards value priced private label/National Brand Equivalents
TNF adds WalMart as a customer in 2010 and grows rapidly to 200 SKU’s
Marcelo Young wins E&Y Entrepreneur of the Year Award in 2015 as Company nearly doubles sales in four years
Management seeks capital partner to expand board, provide liquidity to shareholders and strengthen balance sheet for further growth
TNF selects Cave Creek Capital to lead majority recapitalization based on its track record of success in Founder Led Growth Recaps
Results
Transaction closes in July 2015
Management cashes out minority shareholders, gains personal liquidity and establishes a larger ownership stake for the management team
Strategic Plan targets 200% sales growth in five years through both organic growth and acquisitions
