That was me. Technically, they didn't sell the company. They have
"partnered" with investors. Still a concern though, investors want good
returns on their cash and they could throw some weight around. I worked
for a magazine that lost their investors. Notice the operative word
here, "worked". ;-)
Direct from the press release portion of their site
"Old Mother Hubbard® Announces Partnership
Family Owned Business Poised for Fast-Track Growth
Lowell, MA (January 29, 2004) - Old Mother Hubbard, the makers of
Wellness® healthy dog and cat foods and Old Mother Hubbard treats,
announced today that it has selected a partner, Catterton Partners, to
support the Scott Family’s strategic vision. Catterton Partners focuses
on providing resources to branded consumer product companies that are
leaders in their respective industries.
Jim Scott, Jr., CEO of Old Mother Hubbard said, "We are excited about
our new partnership as it provides us with a significant infusion of
resources to turbo-charge the growth of the Old Mother Hubbard and
Wellness brands." "
On Apr 2, 2004, at 8:33 AM, firstname.lastname@example.org wrote:
> Date: Thu, 01 Apr 2004 18:19:15 +0000
> From: "Marjorie Blaine" <spikeb62@...>
> Subject: Wellness
> I got a little nervous when I read someone's post that Old Mother
> had sold their company and there would be concerns for "Wellness". I
> Old Mother Hubbard Company directly and they said the company has not
> sold and there is no intention to sell and the Wellness line has not
> sold nor will be.
> I hope this helps the rest of you feeding Wellness breathe a sigh of
> as I did.