Private Equity Firm Acquires Alchemy Systems
Alchemy Systems, LP, an Austin, Texas-based leader in food and workplace safety, was acquired by The Riverside Co., a global private equity firm. The investment enables Alchemy to expand its training platform and enter new markets.
“Alchemy provides an exceptional service for a field in which we anticipate sustained growth,” says Loren Schlachet, managing partner for Riverside. “Laws and regulations around food safety are becoming increasingly stringent, and Alchemy’s cost-effective and proven training solutions are ideal for meeting those growing needs.”
The Alchemy platform provides an interactive learning experience that ensures comprehension and simplifies regulatory documentation. In 2012, Alchemy’s SISTEM platform generated nearly 6 million training records at over 1,400 facilities of such leading companies as ConAgra Foods, JBS and Kellogg’s.
“We are focused on helping our customers build a food and workplace safety culture that makes food safe for consumers across the globe,” says Jeff Eastman, Alchemy’s CEO. “Alchemy will continue its support of food companies to deliver training required for compliance with the Food Safety Modernization Act (FSMA).”
“Riverside will help us to further invest in developing innovative solutions that meet the growing needs of our customers and the industry as a whole,” Eastman says. “Together, we are working on strategic, long-term solutions to further enhance the food safety culture essential for all segments of the food industry.”