Prospect teamed with outside executive Donald C. McCann and Spirit Foodservice Products (“Spirit”) management to acquire the Company in January, 2006.
Spirit is a leading manufacturer and marketer of specialty stock and custom plastic and foam disposable serving products sold worldwide through foodservice and specialty advertising distributors, restaurant chains, casinos, nightclubs and bars. The Company, best known for its custom swizzle stick, is the market leader in the stirrers, picks and specialty straws industries. Its products also include promotional cups, napkins and serving ware.
|Prospect Team:||Brett Holcomb|
|Transaction Type:||Back Outside Executive|
|Growth Strategy:||Niche Leader|
|Investment Date:||January 2006|