The situation
For thirty years the Johnson family sold heritage sauces and seasonings to restaurants and regional grocers. When the founders were ready to retire, the only offer came from a multinational that planned to keep the brand and close the kitchen.
The partnership
Black Inheritance bought a majority stake at a fair price. The family kept 30% and a seat on the board, and the founders' daughter became chief executive. The kitchen stayed where it was.
“They didn't ask us to change who we are. They asked what we needed to grow.” Chief Executive, Mahogany Table Foods
Group capital funded a second production line. Our consumer team helped win national grocery listings, and the employee ownership plan gave every worker a share.