Salt & Straw Explores $200 Million Sale With Investors Including Dwayne Johnson

Salt & Straw is exploring a potential sale with Piper Sandler that could value the boutique ice cream chain at more than $200 million. The company is scaling beyond scoop shops into select grocery distribution and generates over $100 million in annual revenue.

Summary of transaction details:

• Deal Type: Sale
• Transaction Amount: $200,000,000
• Company HQ: Portland, Oregon
• Founders: Kim Malek & Tyler Malek
• Notable Investors: Dwayne “The Rock” Johnson, KarpReilly, Enlightened Hospitality Investments
• Number of Stores: Approximately 50

Founded in 2011 by cousins Kim Malek and Tyler Malek, Salt & Straw has built a reputation for small-batch, experimental flavors. The potential transaction aligns with broader deal activity in the ice cream sector, reflecting the company's growth and market presence.