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BUSINESS
December 11, 1998 | Bloomberg News
Carson Inc., the biggest maker of ethnic hair-care products, sold its Cutex nail-polish-remover business for $30 million to Shansby Group to concentrate on its hair-care business. Shansby Group, a closely held San Francisco investment firm, formed Cutex Co. to buy the business. Carson, which will retain the nail- and lip-coloring product lines, bought the Cutex businesses from Unilever's Chesebrough-Pond's unit in April 1997 for about $41 million. Savannah, Ga.
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BUSINESS
December 11, 1998 | Bloomberg News
Carson Inc., the biggest maker of ethnic hair-care products, sold its Cutex nail-polish-remover business for $30 million to Shansby Group to concentrate on its hair-care business. Shansby Group, a closely held San Francisco investment firm, formed Cutex Co. to buy the business. Carson, which will retain the nail- and lip-coloring product lines, bought the Cutex businesses from Unilever's Chesebrough-Pond's unit in April 1997 for about $41 million. Savannah, Ga.
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BUSINESS
August 4, 2007 | From Times Wire Services
Hershey will sell its Mauna Loa Macadamia Nut plant in Hawaii to PLK Partners, the company said. Terms of the sale were not announced. Hershey will retain the Mauna Loa name, according to Al Kam, one of PLK's partners who once worked as Mauna Loa's chief financial officer. Hershey bought Mauna Loa in 2004 from Shansby Group, a private equity venture.
BUSINESS
September 11, 1996 | ROBERT GREENE, ASSOCIATED PRESS
Want to know what's happening with organic foods? Investors are channeling millions into a natural foods industry that grew out of the rebellious '60s. Shoppers' interest in health and nutrition caused the sale of organic foods to cross the $2-billion barrier in 1994, with yearly sales growth in double-digit percentages. Now the Agriculture Department, long the fortress of high-volume, mass-production farming, may finally cough up national standards this fall for organic foods.
BUSINESS
December 17, 2004 | Josh Friedman, Times Staff Writer
Irvine-based Mauna Loa Macadamia Nut Corp. was gobbled up Thursday by Hershey Foods Corp., which paid $130 million to purchase the world's leading seller of the exotic nut from buyout firm Shansby Group. San Francisco-based Shansby, which bought Mauna Loa for $40 million in September 2000, increased sales by an average of 30% a year since taking over the company, said partner Chuck Esserman. In the fiscal year ended June 30, Mauna Loa's sales reached $80 million.
BUSINESS
November 14, 2004 | James Flanigan
Questions about the future are percolating at F. Gavina & Sons Inc., a family-run coffee company in Vernon. The same is true at Pasadena-based Liborio Markets, which is run by two generations of the Alejo clan: Enrique and his sons, John and Rick. Like hundreds of other businesses across Southern California, these so-called ethnic family companies are thriving. Gavina, for example, has just moved into a new headquarters and roasting plant, bringing seven operations together in one building.
BUSINESS
January 8, 1998 | MARTHA GROVES, TIMES STAFF WRITER
At some point in the 2000s, we'll look back on the Starbucks era and wonder what we were thinking to infuse our bodies with so much jitters-inducing caffeine. So hope the gurus at Republic of Tea, a quirky Novato producer of full-leaf premium teas that is attempting to turn people on to its more mellow beverages and thus brew a revolution in Americans' drinking habits.
BUSINESS
November 22, 2002 | Melinda Fulmer, Times Staff Writer
Burned by dot-coms and telecom, some investors are thinking enchiladas rather than e-commerce, burritos instead of broadband. Or in Rick Palmer's case: salsa. The food industry veteran, with the help of a San Francisco investment firm, in recent weeks has quadrupled annual sales of his Senor Felix Foods to $100 million by buying up the nation's top-selling refrigerated salsa brand and another dip rival.
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