Banyan Acquisition Corp.
The career of our CEO, Keith Jaffee, has spanned four decades with a focus on buying and building companies in the commercial foodservice equipment and consumer products sectors. He is a career operator focused on manufacturing and distribution process improvement, business simplification/consolidation, industry relationships, and opportunistic acquisitions that offer value creation through synergy. Keith began his career at AMCO Corporation in 1982, a Chicago-based manufacturer in the foodservice equipment and supply industry, with a primary focus on commercial storage products. Keith served as President and CEO of AMCO from 1986 through 1997. As CEO, Keith oversaw its acquisition by Leggett & Platt ("L&P"), a publicly traded diversified manufacturer. Following the transaction, at L&P Keith served as the President of the Storage Products Group and eventually the Store Fixtures Group. While overseeing these divisions, Keith’s focus was on the acquisition and consolidation of 15 separate businesses in the categories, amounting for hundreds of millions of dollars in completed acquisitions. At L&P in 2000, the combined 25 operating businesses under his management produced significant revenues, primarily from the foodservice and big-box retail channels. In 2001, an investment group led by Keith purchased select businesses of the Storage Products Group division from L&P to form Focus Products Group, where he was the Chairman and CEO from 2001 through 2009. Focus Products Group went on to become a collection of brands and businesses in the housewares, foodservice, and hospitality industry. Through both organic growth and 16 accretive acquisitions, Focus Products Group grew to a business hundreds of millions of dollars in annual revenue in 2006. Keith sold Focus Products Group in 2006 to a Chicago-based private equity group, Sterling Partners, realizing a significant return on invested capital. Since then, Keith has remained active in the industry, most recently serving on the Board of Directors at Edward Don, as Strategic Advisor at Adams Burch, and as financial sponsor of both Snapdrape Brands and FoodServiceExchange. Additionally, from 1998 to 1999 Keith served as the first 2-year President of NAFEM (North American Food Equipment Manufacturers). In 2015, NAFEM honored Keith with its Lifetime Achievement Award.