Prospect Partners exits Kronos Foods

Prospect Partners LLC said Oct. 4 that it sold its interest in Kronos Foods Inc to another private equity firm and management. Financial terms weren’t announced. Grey Mountain Partners, in a separate release, said it acquired Kronos. Glendale Heights, Illinois-based Kronos, a Mediterranean food manufacturer and distributor, sells gyro meat, pita, flatbread, filo products, hummus and sauces in the U.S. and Canada.

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