Sugar Foods Appoints Andriy Avramenko as CFO

WESTLAKE, Calif.–(BUSINESS WIRE)–Sugar Foods Corporation (“Sugar Foods”), a food company serving prominent foodservice, grocery, retail and restaurant brands, today announced the appointment of Andriy Avramenko, an accomplished financial leader and industry veteran, as Chief Financial Officer, effective immediately.


Mr. Avramenko brings to Sugar Foods nearly 30 years of experience leading corporations in the food and beverage industry. He will lead Sugar Foods’ finance team, working closely with Chief Executive Officer Marty Wilson and President Andrea Brule to support its strategic growth efforts.

I am delighted to welcome Andriy to Sugar Foods’ leadership team,” said Ms. Brule. “Andriy’s leadership track record, highly relevant industry experience and deep expertise implementing successful productivity initiatives will be invaluable as we continue to capitalize on the value creation opportunities in front of us. I am confident that Andriy is the right next leader to support our finance team, and I look forward to working with him to accelerate our innovation, drive long-term growth and build upon our organizational capabilities and talent development program.”

Mr. Avramenko joins Sugar Foods from Coca-Cola Icecek (“CCI”), a bottling partner of The Coca-Cola Company, where he served as Chief Financial Officer for more than four years. At CCI, Mr. Avramenko led the company’s financial and corporate strategy development, effectively positioning CCI as the fastest growing and most efficient bottling partner in the Coca-Cola system. Prior to CCI, Mr. Avramenko held numerous executive leadership roles at The Coca-Cola Company, where he oversaw complex M&A transformations and subsequent integration processes.

I am honored to serve as Sugar Foods’ next CFO,” said Mr. Avramenko. “Sugar Foods has a long legacy of unrivaled innovation with an established advantage of serving some of the most exciting industries and consumer end markets. As the company continues to focus on its long-term strategic priorities, I look forward to working with Marty, Andrea, and the rest of the team to double down on execution, strengthen the company’s financial foundation and unlock new value for customers.”

On behalf of all of us at Pritzker Private Capital, we are thrilled to welcome Andriy to the PPC family,” said Chris Brickman, Operating Partner at Pritzker Private Capital. “Andriy’s strong operating experience and customer-centric mindset gives me every confidence that he will play a pivotal role in helping Sugar Foods, a leading platform for food product innovations, unlock profitable growth, identify organic and acquisition opportunities and further strengthen its portfolio.”

About Sugar Foods Corporation

Sugar Foods Corporation is a multinational food products company serving all segments of the marketplace – foodservice, retail, specialty and quick-service outlets. Founded in New York City in 1948, Sugar Foods’ brands include Fresh Gourmet, Mrs. Cubbison and N’Joy, along with private label and licensed products, and the company is a leader in producing crunchy toppings, croutons, beverage ingredients, pizza toppings and more products beloved by consumers. Sugar Foods has won numerous industry awards for product innovation, operational excellence and customer service. Backed by more than 1,400 employees, Sugar Foods operates five facilities across the United States and Mexico. For more information, visit sugarfoods.com.

About Pritzker Private Capital

Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products and services sectors. The firm’s differentiated, long-duration capital base allows for efficient decision-making, broad flexibility with transaction structure and investment horizon, and alignment with all stakeholders. Pritzker Private Capital builds businesses for the long term and is an ideal partner for entrepreneur- and family-owned companies. Pritzker Private Capital is a signatory to the United Nations Principles for Responsible Investment (PRI). For more information, visit PPCPartners.com.

Contacts

Media:
Blair Hennessy / Lauren Hilliker

H/Advisors Abernathy

(212) 371-5999

[email protected] / [email protected]