Mill Road Capital Management

Swiss Water Process removes caffeine from coffee for leading coffee roasters throughout the United States and 56 different countries around the world. As the only consumer-branded decaffeination process, Swiss Water Process stands for environmentally responsible, chemical-free caffeine removal for Specialty Coffees.

Lignetics is a manufacturing company focused on producing eco-friendly products, primarily wood pellets and logs designed for home heating and barbecue applications. The company offers a range of offerings, including premium wood pellets, densified logs and bricks, fire starters, and BBQ pellets that enhance flavor. Additionally, Lignetics provides highly absorbent animal bedding that ensures warmth and comfort. Through its sustainable product line, the company aims to meet the needs of environmentally conscious consumers while promoting efficient heating solutions.

Noodles & Company is a fast-casual restaurant chain based in Broomfield, Colorado, that specializes in a diverse menu featuring cooked-to-order dishes such as noodles, pasta, soups, salads, and appetizers. Established in 1995, the company operates both company-owned and franchised locations across the United States, including 389 company-owned and 68 franchised restaurants in 29 states and the District of Columbia as of December 31, 2019. In addition to its dining services, Noodles & Company offers pick-up and delivery options, catering services, and provides customers the opportunity to engage through its ECLUB, which shares news, special invitations, and promotions.

Swiss Water Process removes caffeine from coffee for leading coffee roasters throughout the United States and 56 different countries around the world. As the only consumer-branded decaffeination process, Swiss Water Process stands for environmentally responsible, chemical-free caffeine removal for Specialty Coffees.

Mother's Market & Kitchen is a leading retailer in the organic and natural grocery sector, operating seven stores in Orange County, California. The company is renowned for its commitment to promoting healthy lifestyles through a diverse selection of high-quality organic and natural products. Its stores offer a wide array of items, including fresh fruits and vegetables, plant-based sausages, health-focused snacks, and a comprehensive range of vitamins and supplements. Mother's Market & Kitchen is recognized in the community for its knowledgeable customer service and dedication to providing a one-stop shopping experience for organic, gluten-free, and health-conscious consumers.

Skullcandy designs, markets, and distributes audio products under its brand in the United States and internationally. Its product range includes headphones, earbuds, speakers, sports performance products, women's offerings, and other audio accessories. Skullcandy sells through specialty retailers, consumer electronics stores, sporting goods outlets, mobile phone retailers, big box stores, third-party distributors, and its official websites.

R.G. Barry Corporation is engaged in developing brands and marketing products in three areas of the retail accessories category. These products include footwear, such as slippers and sandals; foot and shoe care products, such as cushioned insoles; and handbags, tote bags and travel products. The Company operates in two segments: Footwear segment and Accessories segment. The Company’s Footwear segment includes slippers and sandals. The Company’s Accessories segment includes foot and shoe care products, handbags, tote bags and travel products. The Company’s Footwear and Accessories segment consists of three individual business units (BU) footwear; foot and shoe care products; handbags, tote bags and travel products. The Company’s products are primarily sold in North America by a cross-section of retailers of varying size and classification.

PRT Growing Services Ltd., established in 1988 and headquartered in Victoria, Canada, is North America's leading producer of container-grown forest seedlings. The company operates 13 nurseries across Canada and the United States, with a combined capacity to grow over 310 million seedlings. PRT specializes in reforestation services, including seed processing, propagation, quality testing, cold storage, shipping, and field-performance assessment. By offering reliable, customized products and services at competitive prices, PRT has solidified its position as an industry leader, working closely with customers to meet their reforestation needs.

National Technical Systems (NTS) is a publicly held company providing a wide range of product design consulting services, testing and certification services, and supply chain management solutions. It specializes in the fields of consulting, and product design, and supply chain management. It was founded in 1961 and headquartered in Calabasas, California.

Destination Maternity Corporation specializes in designing, manufacturing, and retailing maternity apparel and related accessories. As of September 2019, the company operated approximately 1,108 retail locations, including 474 stores across the United States, Canada, and Puerto Rico, under the brands Motherhood Maternity, A Pea in the Pod, and Destination Maternity. It also managed 634 leased department locations and 184 international franchised stores in various countries, including the Middle East and South Korea. The Motherhood Maternity brand focuses on providing affordable maternity wear, while A Pea in the Pod offers designer label options for expectant mothers. Destination Maternity stores feature a blend of these brands along with nursing products, health and fitness items, and other maternity-related accessories. Additionally, the company sells its products online through multiple websites, including its own and various retail partners. Founded in 1982 and headquartered in Moorestown, New Jersey, Destination Maternity Corporation underwent a name change from Mothers Work, Inc. in 2008 and filed for reorganization under Chapter 11 in October 2019.

Rubio's Restaurants is a company that owns and operates a chain of approximately 200 fast-casual Mexican restaurants across the United States. Founded in 1983 and headquartered in Carlsbad, California, Rubio's specializes in coastal cuisine inspired by Baja, Mexico. The menu features grilled marinated chicken and steak, salads, handmade guacamole, pinto beans, blackened and grilled tilapia tacos, shrimp, wild salmon, and various sauces. Additionally, the restaurants offer craft beer and sangria beverages, along with catering services. Rubio's has a strong presence in San Diego and surrounding areas of Southern California, as well as in Arizona, Colorado, Utah, and Nevada.

Physicians Formula is a cosmetics and skincare company based in Azusa, California, known for its innovative and problem-solving approach to beauty products. Founded in 1937, it operates within the mass market prestige, or "masstige," segment, offering premium-priced cosmetics that cater to everyday consumer needs rather than fleeting fashion trends. The company's extensive product line includes face powders, bronzers, concealers, blushes, foundations, eye shadows, eyeliners, brow makeup, and mascaras. Physicians Formula products are widely available in major retail chains such as Wal-Mart, Target, CVS, and RiteAid, contributing to a loyal and rapidly growing customer base. The brand is recognized for its high perceived quality in the market, appealing to consumers looking for effective solutions to skin imperfections.

Vision7 International is a fully integrated marketing communications company that serves various well-known brands in North America and worldwide. Vision 7 International has four operating divisions: Cossette, Vision 7 Media, Citizen Relations and The Camps Collective. Cossette is a leading marketing communications agency in Canada, providing fully integrated advertising services. Cossette has offices in Quebec City, Montreal, Toronto, Vancouver, Halifax and Chicago. Vision7 Media is Canada’s largest independent media planning, buying group, operating primarily under the Cossette Media and Jungle Media brands; Citizen Relations is a leading public relations company with an international presence (US, Canada, UK and Asia) and multiple global partnerships; The Camps Collective is a digital-based agency group that focuses on advertising, digital marketing, Internet communications and social media.