Detroit Popcorn Company Gets New Owners

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NEARLY 100-YEAR-OLD TRADITION GETS NEW LEASE ON LIFE: DETROIT POPCORN COMPANY SALE COMPLETES OWNERSHIP CHANGE

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REDFORD, Mich. – The Harris Financial Group, Ltd., LLC (HFG) of Pontiac, Michigan, doing business as We Pop the Corn, LLC, today announced that the minority-owned and led investor group closed Thursday, Nov. 5 on the purchase of the assets of the Detroit Popcorn Company.

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The sale includes the Detroit Popcorn Company’s landmark facility at 14950 Telegraph Rd. in Redford, Michigan, on the Detroit border. The terms of the sale were not disclosed. Managing Partner Ken Harris made the announcement on behalf of HFG and its newly acquired Detroit Popcorn Company.

“Building on the 100 year legacy of the Detroit Popcorn Company, we envision nurturing a new company led by example and committed to community,” said Harris. “Our first steps in assuming company ownership and leadership will be to work to establish a reputation of trust among our current and future customers and neighbors. Our focus is on inclusion, diversity and equity.

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“The Detroit Popcorn Company intends to do the right thing in business and in treatment of all people as we’re welcomed into their homes, businesses and lives. Along the way, we’ll have a little fun, too. After all, popcorn is a fun product that we all enjoy! It’s the ultimate snack food that helps bring people together.”

SUPPORTING PARTNERS
While CEO Harris and COO Reggie Kelley are the two majority stakeholders in the minority owned company, they have plans to recruit an array of talented individuals into the fold with them.

“For this company to grow, succeed and impact the community in a positive way, the way we envision it, we’re adding team members from diverse backgrounds and educational experiences who are accomplished in their areas of expertise. The result will be a powerful collaboration dedicated to the achievement and the success of the company and our community,” added Kelley.

COMMITMENT TO COMMUNITY
With the ink still drying on the business contract, the new leadership team at the Detroit Popcorn Company is already “popping” up across the country by showing support for nonprofit and community causes. “I know the value of a good education, so we’re supporting our students right here at home. Effective immediately, a percentage of our proceeds will go to the Detroit Public Schools Foundation to help support the needs of our area students.”

The Detroit Popcorn Company also has forged a partnership with Yesterday’s Negro League Baseball Players Foundation, a nonprofit in Milwaukee, Wisconsin committed to the preservation, dedication and education about the Negro League Baseball. The company is expect to help raise funds for the nonprofit to enable individuals of limited means to access this vital part of America's history, dating back to the past century, that is often overlooked.

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ABOUT THE DETROIT POPCORN COMPANY
Founded in 1923, the Detroit Popcorn Company specializes in a variety of ready-to-eat snack foods and a broad range of concession equipment and supplies for all types of fun foods, including popcorn, cotton candy, nachos, frozen drinks, corn dogs, candy apples and more. Other specialties of the concession equipment, supply and fun food dealer are sales and service, rentals, leases, fundraising programs for schools, churches and other organizations and more. Learn more at www.DetroitPopcorn.com

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Ken Harris, CEO and Principal, Detroit Popcorn Company
Born and raised in Washington DC, Ken Harris has more than 25 years of experience in financial and business consulting under his belt. His education includes a Bachelor’s degree in accounting from St. Francis University, Loretto, PA, International Finance training at Trinity College, Dublin, Ireland, and an MBA from Michigan State University.

His professional roles of financial analyst, senior accountant, registered investment advisor, and procurement director at many different companies, preceded his current role as managing director of Harris Financial Group in Pontiac.

Ken’s volunteer and community leadership work includes roles with the Detroit Institute of Arts Founders Society, Boys Hope Girls Hope, Chairman of Kinectics Holding Corporation, Resident Member of the Detroit Athletic Club, Friends of the Detroit Repertory Theater, US Bowling Congress, US Golf Association, Lighthouse, Member of TPC Dearborn, and a founding member of The Empowerment Church.

Though Ken usually is the one facilitating the purchase or sale of a company on behalf of his clients, Harris Financial Group purchased the Detroit Popcorn Company officially in 2020, making Ken a principal owner and CEO of the company.

Reggie Kelley, Principal and COO, Detroit Popcorn Company
Reggie Kelley was born and grew up in Canton, OH before settling in metro Detroit. He received his Bachelor’s degree at Baldwin-Wallace College and attended Ohio University Executive MBA courses along with Executive Minority program at Tuck School of Business Dartmouth College.

Reggie has more than 26 years of experience providing services to private cap companies seeking advice on acquiring or expanding their offerings through organic or inorganic growth.

Reggie has extensive experience in sales, marketing, operations with more than 30 years expertise with private cap companies seeking advice in acquisition or expanding their business through both organic and inorganic growth.

He has held positions as Managing Partner, CKM Systems LLC, a joint venture enterprise Leatherworks, LLC and partner with Visteon Corporation , High-Star Corporation, Occidental Chemicals, BF Goodrich Chemicals, Harter Bank, and others.

Reggie makes volunteering to his community a priority as well. He has served on the Board of Directors Brother Rice High School, for six years and the Children's Center of Wayne for seven years.

Along with Ken Harris of Harris Financial Group, Kelly purchased the Detroit Popcorn Company, in 2020, and became Principal and COO. Reggie’s plan to grow the company and impact the community is to add team members from diverse backgrounds and accomplished educational experiences in their own areas of expertise.