News Release

Milestone Capital Management acquires Houston Harvest Gift Products

Milestone Capital Management has acquired the assets and business of Houston Harvest Gift Products, LLC.   Houston Harvest, headquartered in Franklin Park, Illinois, is one of the country’s largest manufacturers and marketers of ready-to-eat popcorn in collectible gift canisters.  The Company designs and manufactures a full line of popcorn products which are sold in decorative tins and is also one of the country's largest assemblers and marketers of food gift packages.  Houston Harvest products are sold primarily during the holiday gift season and are distributed principally through mass merchants and warehouse clubs.

Milestone Capital Management is a Washington, DC-based private equity fund focused on control buyouts of companies with $25-150 million in revenues. The firm brings to its portfolio companies a management team of experienced private equity investors, together with a prominent Board of Advisors with vast experience in government, private equity, venture capital, commercial banking, real estate, operations, turnarounds and money management.  Milestone's areas of interest include niche manufacturing, value added distribution, specialty retail and healthcare services and devices.  For more information, visit www.milestonedc.com.

The J.H. Chapman Group initiated this transaction, acted as the financial advisor to Milestone and assisted in the negotiations.  J.H. Chapman Group is the food industry's leading investment banking firm, with offices in Chicago and Paris, offering a full range of financial advisory services to the food, food ingredients, and restaurant industries in the United States and internationally.