Popular snack manufacturer Garrett Popcorn is well-known for its distinctive popcorn flavors. Eugene and Louis Garrett, brothers, launched the business in 1949 in Chicago, Illinois. With more than 50 sites across the US, Asia, and the Middle East, Garrett Popcorn has already established itself as a recognized global brand. Although the corporation is privately held, ownership has shifted throughout time.
The business was sold to Highlander Partners, L.P., a private equity firm, in 2003. A Dallas-based investment company called Highlander Partners focuses on purchasing and expanding companies in the manufacturing, consumer products, and industrial industries. Garrett Popcorn extended its retail network and explored new countries in Asia and the Middle East while being owned by Highlander.
A controlling stake in Garrett Popcorn was purchased by billionaire investor and entrepreneur C. Dean Metropoulos in 2016. For his investments in well-known companies including Hostess Brands, Pabst Brewing Company, and Ghirardelli Chocolate, Metropoulos is well-known. Metropoulos intended to increase the company’s product offerings and global footprint with his investment.
Since Metropoulos’ investment, Garrett Popcorn has developed further, adding more locations in the US and extending its online distribution networks. A new line of popcorn varieties, including sriracha spice and sweet and salty caramel crisp, were introduced by the firm in 2020.
The kind of oil used to pop its popcorn is only one of the premium ingredients that make Garrett Popcorn so well-known. To pop its kernels, the business makes a unique mixture of coconut and corn oil. The distinct texture and flavor of Garrett Popcorn are a result of this special oil combination. The maize oil gives the popcorn a rich, buttery flavor, while the coconut oil gives it a subtle sweetness.
In conclusion, Garrett Popcorn is a privately held business whose ownership has shifted over time. A rich investor and businessman named C. Dean Metropoulos presently owns the corporation. Garrett Popcorn is renowned for its premium ingredients, which include the special coconut and corn oil mixture used to pop the kernels. With its ongoing development and growth, Garrett Popcorn has maintained its position as a well-liked snack brand globally.