Saline's Flatout Flatbread Co scores capital infusion

Wednesday, February 17, 2010 | Source: Concentrate
Capital might not be flowing with the force it once did, but a couple of Saline entrepreneurs have found a big enough trickle to quench their thirst.

Flatout Flatbread Co. recently received a capital infusion (terms and amount were not released) from the private equity firm North Castle Partners. The Saline-based firm was founded by Stacey and Mike Marsh. It specializes in making, surprise, flatbread and wraps.

Greenwich, Conn.-based North Castle has worked with and helped build niche brands before, such as Naked Juice and Nutrition Solutions. The private equity firm focuses on investing in consumer businesses that promote health and wellness. It also plans to lend expertise in strategy, marketing, operations and IT to help grow the Flatout brand.

Glencoe Capital and the Michigan Opportunities Fund also participated in making the deal happen. Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle-market companies. It participates in the InvestMichigan! initiative established by the state in 2008.

Source: Flatout Flatbread Co.
Writer: Jon Zemke
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Food / Agriculture, Investment, Venture Capital 

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