GCG Advises on the Sale of Axium Foods to Cheeze Kurls

Greenwich Capital Group (“GCG”) is pleased to announce its role as the exclusive financial advisor to Axium Foods, Inc. (“Axium” or the “Company”) on its sale to Cheeze Kurls (“CK Snacks”), a portfolio company of Nexus Capital Management (“Nexus Capital” or “Nexus”). This transaction adds to GCG’s extensive experience in the co-manufacturing and food and beverage sectors.

About the Transaction

Axium Foods, Inc. is a leading manufacturer of savory snack foods, based in South Beloit, IL. Founded in 1960, the Company has a long-standing industry position as a premier co-manufacturer and private label partner for global, blue-chip retailers and CPG platforms. Axium offers a diverse product portfolio, including tortilla chips, corn chips, and extruded snacks, with a well-established reputation as a reliable partner with nimble production capabilities. The acquisition solidifies CK Snacks’ position as a leader in the snack food industry as the combined company will enhance offerings to both existing and new customers and benefit from continued robust demand for manufacturing capacity across the market. Both companies will continue to operate from their respective locations with a shared focus on consistently delivering high-quality snack products.

“We greatly appreciate the guidance and unwavering attention to detail provided by Joe, Andrew, Cotton and the whole GCG team through each step of the transaction process. GCG worked tirelessly to find and deliver a great outcome and ideal partner for Axium. We look forward to seeing Axium’s continued growth trajectory under the leadership of CK Snacks, which shares similar values and will build upon our legacy,” said the founders of Axium.

“The goal throughout this process was to secure a strategic partner who would not only see the inherent value that Axium Foods has built over the past 60 years, but also provide the resources necessary for its continued growth. We found that partner in CK Snacks, who share products, customers, and Axium’s commitment to quality,” said Joe Schmitt, Managing Director of GCG.

“Greenwich Capital Group provided unwavering support throughout the transaction between CK Snacks and Axium Foods. Their team’s strategic insight and deep expertise in the food and beverage sector facilitated a competitive yet transparent process, delivering a highly successful outcome for both buyer and seller” said Jamie Colbourne, CEO of CK Snacks.

About Axium Foods, Inc.

Founded in 1960 by Eugene “Mac” McCleary, Axium pioneered the first ever cheese curl and has grown into a premier savory snack food manufacturer, specializing in high-quality, private label and co-manufacturing services for major food retailers and private label customers. Axium Foods’ product range includes tortilla chips, corn chips, extruded snacks, and its own brand, Pajeda’s. Axium maintains a strong relationship with blue-chip customers, supported by its 60+ years of consistent performance and investment in state-of-the-art production capabilities. For more information, visit www.axiumfoods.com.

About CK Snacks

CK Snacks, founded in 1964 and based in Grand Rapids, Michigan, is a leading manufacturer of private label snack foods, including extruded, fried, and baked products, as well as popcorn and party mixes. The company partners with major retailers and grocery chains across North America. For more information, visit www.cksnacks.com.

About Nexus Capital

Based in Los Angeles, California, Nexus Capital is a private equity firm that partners with companies across a broad range of industries, focusing on special situations and value-driven opportunities. Nexus Capital utilizes its extensive operational and financial expertise to unlock potential within lower-middle market businesses, often collaborating closely with management teams to drive strategic initiatives and create long-term value. For more information, visit www.nexuslp.com.

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