Industry veteran Doug Reader, recognized for his expertise in the consumer goods sector, has marked a significant return to Dallas-based Kainos Capital — this time stepping into the pivotal role of senior managing director.
Reader’s connection with Kainos has history. He previously wore the hats of CFO, COO, and president at SlimFast/HNS, a key Kainos portfolio company. This association hit a crescendo with the sale of SlimFast/HNS to Glanbia in 2018.
Now, he’s come full circle. Reader is poised to lead the Kainos operations team and partner strategically with the firm’s portfolio companies with an aim to boost financial, technological, and operational triumphs, the company said.
Kainos Managing Partner Andrew Rosen says he’s excited to welcome Reader back to the firm family. “Having worked with Doug for over a decade, we’re confident in his ability to help us create value by building best-in-class food and consumer products companies,” Rosen said in a statement.
The managing partner added that the dedicated operational resources the provides help make it the “partner of choice to consumer products businesses, particularly with family founder-owned businesses seeking transformational growth, as well as corporate carve-outs that require greater infrastructural support and leadership.”
During his 40-year career, Reader has focused on the consumer goods industry, specifically food, wellness, nutrition, and supplements. Reader has been involved with multiple private equity portfolio companies through which he developed a strong track record of business optimization, turnarounds, and aligning business goals with investment strategies, Kainos said.
Most recently, he was CEO of Arizona Nutritional Supplements, a full service, cGMP certified, contract manufacturer specializing in nutritional and dietary supplements.
Kainos Capital is a middle-market private equity firm that focuses on the food and consumer products and services sectors.
In February, Kainos Capital closed its Partners III fund with $1B in commitments. The firm, whose Fund II portfolio includes North Texas pet food company Muenster Milling and Dallas’ BeautyBio—says its newest fund is the largest investment vehicle in Kainos’ history.
Quincy Preston contributed to this report.
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