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Business

C.F. Sauer Co. to be sold to Charlotte-based private equity firm after 132 years of local ownership

The manufacturer of spices, extracts, and Duke’s Mayonnaise among other products, has been locally owned since 1887.

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From Richmond BizSense:

A 132-year run of family ownership is coming to an end at Richmond’s C.F. Sauer Co.

The spice, extract and mayonnaise manufacturer, founded in Richmond in 1887, announced Thursday a pending deal to be sold outright to Falfurrias Capital Partners, a Charlotte, North Carolina-based private equity firm.

Terms of the deal were not disclosed, other than the fact that Falfurrias will own 100 percent of C.F. Sauer, which has been continuously run by descendants of founder Conrad Sauer.

His great-great-grandson and current CEO Conrad Sauer IV will step down as part of the deal, but will retain a seat on the company’s board.

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Business

PHOTOS: Grow @1717 Accelerator honors childcare businesses in Richmond

Capital One Financial Corp (COF) this week recognized seven licensed home base childcare providers for their completion of the [email protected] Accelerator, a 12-week small business program designed to help strengthen the entrepreneurial ecosystem and elevate the Richmond region as a destination for innovation.

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Capital One Financial Corp (COF) this week recognized seven licensed home base childcare providers for their completion of the [email protected] Accelerator, a 12-week small business program designed to help strengthen the entrepreneurial ecosystem and elevate the Richmond region as a destination for innovation.

Cohort members received $5,000 in funding to support business stabilization and growth, along with a business needs assessment, 90-minute learning workshops, skills-based support from COF associates, and a network of peer mentors. The cohort was selected and funded in partnership with ChildSavers, a non-profit that provides children’s mental health services and childcare resources to Richmond residents.

“We know that family day home care is the most common form of childcare in this country, but oftentimes, home-based providers are the most overlooked for support as small business owners,” said Toria Edmonds-Howell, Community Engagement Manager for the Capital One 1717 Innovation Center. “The Grow @1717 program was designed to meet emerging needs within our region, and as Richmond childcare providers continue to experience the impacts of the pandemic, we want to help.”

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Capital One Accelerator at 1717.

Photos: Michael Simon Photography

Will you help support independent, local journalism?

We need your help. RVAHub is a small, independent publication, and we depend on our readers to help us provide a vital community service. If you enjoy our content, would you consider a donation as small as $5? We would be immensely grateful! Interested in advertising your business, organization, or event? Get the details here.

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Arts & Entertainment

Local rapper launches new creative and co-op work space downtown

A grand opening for the new space, CNTR, will be held 5-10 p.m. Friday, November 4th, coinciding with the Arts District’s First Fridays event.

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A new retail, creative and co-working space named CNTR opens next month in Richmond’s Arts District.

Located at 318 W. Broad St., the 3,408-square-foot space also is home to theMSQshop, which opened earlier this year. It provides brand design, creative content services and a recording and production studio.

Owner and Creative Director Will Keck, who performed for 15 years in Richmond as OG ILLA, aims to provide a resource for creatives and a safe, welcoming space for Richmond’s hip-hop and R&B culture.

“I want to encourage young artists and entrepreneurs in our community,” Keck says. “CNTR is here as a resource, business incubator, and place to elevate their work through business education.”

CNTR is available for bookings as well — for pop-ups, shows, events, workshops, conferences, and video and photo production.

The business venture, powered by theMSQshop, also includes a retail shop featuring Virginia-based streetwear, an art gallery showcasing local artists, and a co-working space that includes Richmond’s first black-owned hemp company.

A grand opening for CNTR will be held 5-10 p.m. Friday, Nov. 4, coinciding with the Richmond Arts District’s First Fridays.

The free event will feature pop-ups from local vendors, an art exhibit with work from ErvEyes, JAE, Paris and Khaos Ky, and music performances by Rudy Walker, Era Hardaway, Machine Mook, OG Souul, illwilliam and Hannah Grace.

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Business

BigWife’s Mac and Cheese food truck now open while construction continues on brick-and-mortar space

Menu items include a Buffalo Mac, Little Figgy Mac, Greek Wedding Mac, and Mac Lorraine, in addition to a few salads and a giant cookie – aptly named the “Big Ass Cookie.”

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A new food option coming to Scott’s Addition has set up shop in a food truck while construction continues on its brick-and-mortar operation.

BigWife’s Mac & Cheese is now operating a food truck located at 1017 N. Arthur Ashe Boulevard, next to Starbucks. A storefront in the same location is expected to open later this year in the former Growlers To Go.

Menu items include a Buffalo Mac, Little Figgy Mac, Greek Wedding Mac, and Mac Lorraine, in addition to a few salads and a giant cookie – aptly named the “Big Ass Cookie.”

This is a new restaurant concept from John and Jayme Taxin, owners of Bookbinder’s Seafood and Steakhouse. The couple first tested the waters as a pop-up operating during the pandemic and, after its success, decided to expand to this new location.

Online orders for pickup can be placed here. The truck is serving Mondays through Saturdays beginning at 4:00 PM.

Will you help support independent, local journalism?

We need your help. RVAHub is a small, independent publication, and we depend on our readers to help us provide a vital community service. If you enjoy our content, would you consider a donation as small as $5? We would be immensely grateful! Interested in advertising your business, organization, or event? Get the details here.

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