The George J. Howe Company has been sold to private investors, Jim Rudolph and Len Caric. Ventura Group LLC acted as financial adviser to the company in the transaction.
The third-generation family-owned business, was founded in 1927 in Grove City, Pennsylvania, as a coffee roaster. Within 10 years, the company added fresh roasted nuts to its product line and in 1948 began packaging and distributing candy. Howe is now a full-line candy and nut distributor, as well as a purveyor of food service and gourmet coffees.
The company primarily serves the retail grocery market, including large national retailers, while its nut and coffee business lines also supply the food service and hospitality industries. The company supplies its customers in 14 states, primarily in the mid-Atlantic and Midwest.