Acquisition brings Brigham's back to Boston
Apr 20, 2004 12:36 PM, from staff and wire reports
New England Capital Partners (NECP), a Newton MA-based private equity investment firm, has acquired frozen dessert maker Brigham's Inc. The acquisition brings ownership of the 90-year old business back to the Boston MA area, where its production and distribution facilities are.
Founded in 1914, Brigham's distributes ice cream and frozen yogurt products throughout New England to supermarkets, grocery and convenience stores, restaurants, and ice cream parlors. Since 1998, it has been privately owned by a group of foreign investors. The firm's headquarters and manufacturing facilities will continue to be based in Arlington MA.
According to NECP, Charles Green, former vice-president–strategy and distributor management at Unilever Ice Cream, will become president and chief executive officer, as well as an equity owner of Brigham’s. He will succeed Roger Theriault, who has been Brigham’s president since 1995.
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