Kramer Levin Aids Weld North's Organic Food Co. Stake Buy

Law360, New York (January 8, 2013, 2:17 PM EST) -- Weld North LLC, a Kohlberg Kravis Roberts & Co. LP affiliate, has nabbed a controlling stake in Organic Avenue LLC, in the hopes of getting to the front of the pack of the $5 billion organic juice industry, the company announced Tuesday.

Following up on a smaller 2012 share buy, the purchase brings Weld North's stake level to 70 percent and gives it the power to significantly expand the New York-based organic juice and raw food company's national reach. Currently, the investment firm is considering various...
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