Business
Cuisine Solutions, Global Leader and Pioneer in Sous Vide Premium Foods, Announces $250 Million Growth Investment from Bain Capital
Investment to Accelerate Company's Growth and Global Expansion and Drive Further Culinary Innovation STERLING, Va. and BOSTON, Mass., June 6, 2022
About this update from Bloomin' Brands, Inc.
[{"type":"text","content":"Investment to Accelerate Company's Growth and Global Expansion and Drive Further Culinary Innovation \nSTERLING, Va. and BOSTON, Mass., June 6, 2022 /PRNewswire/ -- Cuisine Solutions Inc., the global leader and pioneer in sous vide premium foods, today announced a $250 million investment from Bain Capital to accelerate its growth and global expansion. The minority investment will further establish Cuisine Solutions' authority in the sous vide category, provide additional resources to support accelerated product innovation, and expand its business domestically and internationally as well as the company's global manufacturing footprint beyond the United States, France, and Thailand.\n\n \n \n \n \n \n \n\n \nCuisine Solutions will continue to operate under the leadership of the existing management team, led by Chief Executive Officer, Felipe Hasselmann, and Chairman, Stanislas Vilgrain, who remain significant owners in the business, in addition to the Vilgrain family retaining a controlling interest.Headquartered in Sterling, Virginia, Cuisine Solutions is the largest sous vide company in the world and a leading culinary innovation partner, with locations in North America, Europe, the Middle East, and Asia. Recognized by the world's top chefs and kitchens, the company is the production and thought leader on the innovative slow-cooking technique that it pioneered, perfected, and popularized. Cuisine Solutions provides prepared sous vide food products to food service, on-board, military, and retail customers worldwide including Amtrak, Costco, Dunkin', Hilton Hotels & Resorts, Panera, and Starbucks among many other industry leaders. \n\"Our future, while bright before this strategic partnership, is now even more exciting as we see substantial runway to drive growth and expansion through continued innovation across multiple product categories,\" said Hasselmann. \"We are proud to be the leader in the art and science of sous vide, which is the answer to so many of the challenges our clients face inside and outside of the kitchen. This investment will enable us to rapidly scale our worldwide manufacturing infrastructure, business partnerships, and fortify our supply chain, thereby creating additional scale to meet the growing needs of the global partners who rely on our products every day across tens of thousands of locations.\"\n\"My ...