Realized Investments
KPR Holdings
In 1990, CIC Partners teamed with Billy Rosenthal to build KPR Holdings, a food processing start-up headquartered in Ft. Worth, Texas. KPR resulted from the merger of Rosani Foods, a food-service business producing high-volume meat pizza toppings (primarily pepperoni for Pizza Hut), and Kettle Cooked Foods, a young emerging food company producing soups and sauces for various casual dining restaurants.
CIC Partners served as a financial partner to Billy and management, building KPR from the ground up. By developing innovative new products, KPR grew to $95 million in sales before selling to Foodbrands America (subsequently acquired by IBP and then by Tyson Foods, Inc.). Under the watch of the original management team, revenues at KPR grew to approximately $450 million.