Chicago, Illinois
www.kronosproducts.com
www.raincreekbaking.com

Kronos Foods, Inc. is a leading manufacturer of gyros meat, pita bread, baklava and other Mediterranean foods and a specialty foodservice distributor to local retail outlets as well as to restaurants, hospitals, businesses, schools and universities.

• Prospect Partners and management formed Kronos Foods, Inc. to acquire Chicago-based Kronos Products, Inc. and its affiliated distribution company in November 2004. 
• Kronos Foods subsequently acquired Rain Creek Baking Company of Fresno, Calif. (May, 2006)
  • Rain Creek is the country's leading maker of premium baklava and other desserts sold under the retail brands Sinbad Sweets®, Michael's and Rain Creek to leading club stores, mass merchandisers and grocery chains nationwide.
• Kronos Foods offers a complete line of gyros products, 11 varieties of pita bread and specialty items including baklava, spanakopita and imported products.
• The company's senior management team now includes Chief Executive Officer Michael B. Austin; President and Chief Operating Officer T. Patrick Costello; Vice President of Marketing Mercer Miller; and Chief Financial Officer Janet Caldwell.
• Kronos Foods seeks to acquire other niche Greek and Mediterranean food producers.
• Mr. Glastris and Mr. Shah serve the Company as Chairman and Director, respectively.
• SIC codes: 2013 (sausages and other prepared meat products); 5142 (packaged prepared foods); 5147 (meats and meat products); 2051-98 (bread, bakery products - except cookies); 5149-39 (foodservice -  distributors)