Snap Kitchen today announced the appointment of former U.S. Senator Bill Bradley to its Board of Directors and the receipt of an additional growth capital investment from L Catterton, Snap Kitchen Co-Founder Bradley Radoff, as well as CEO David Kirchhoff. L Catterton, which partnered with Snap Kitchen in 2013, is the largest consumer-focused private equity firm in the world. The investment will be used to help support the Company's continued rapid growth as the leader in fresh, healthy take-away meals. Terms of the transaction were not disclosed.
"We are honored Bill Bradley is joining our Board," said Snap Kitchen CEO David Kirchhoff. "Bill brings tremendous achievements, leadership and vision to Snap Kitchen through a truly remarkable career. As the leader in consumer investing, L Catterton has been, and continues to be, our partner of choice, and their strong relationships and network of thought leaders helped bring Bill to our Board. We look forward to expanding our relationship with L Catterton as our brand grows and continues to innovate our culinary offerings."
"Snap Kitchen is a unique concept at the cross-section of multiple trends – convenience, healthy living and sustainability," said Sen. Bradley. "I'm a strong believer in the Company's mission to provide nutritious, high-quality meals to health-conscious consumers. I look forward to working closely with fellow Board members and the management team to support the Company's growth and expansion into new markets."
Jon Owsley, a Managing Partner at L Catterton said, "We are privileged and delighted to have Senator Bradley joining the Board of Snap Kitchen. His leadership, diversity of experience and expertise in working with emerging and high-growth companies make him a powerful addition to the Snap Kitchen family. L Catterton is also excited to continue our support for Snap Kitchen, a company that distinguishes itself in the field of exceptionally fresh, healthy and convenient take-away meals and snacks."