Food & Beverage Add-on Acquisitions in 2020
Acquisition Volume in Food & Beverage Add-on in 2020 by Year
Last 5 years
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December 31, 2020
- Buyer
- Individual FoodService, Kelso & Company
- Target
- Brady Industries
- Industry
- Food & Beverage
- Location
- Nevada, United States
- Type
- Addon
Individual FoodService, a portfolio company sponsored by Kelso & Company, has merged with Brady Industries, a Las Vegas-based janitorial and sanitation (JanSan) distributor. The deal creates a significantly larger distributor of foodservice disposables and JanSan products with expanded geographic reach, 38 combined facilities and enhanced cross-selling opportunities.
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December 23, 2020
- Buyer
- GS Foods Group, Inc., Highview Capital, LLC, A&M Capital Partners (Alvarez & Marsal Capital)
- Target
- Hayes Distributing
- Seller
- Jamie Edman (owner of Hayes Distributing)
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Addon
GS Foods Group, a family of specialized foodservice distributors owned by affiliates of Highview Capital and A&M Capital Partners, has acquired Hayes Distributing to strengthen its presence in Northern California. The deal is an add-on to GS Foods' platform and is intended to expand the company's logistics, commodity expertise and school-nutrition offerings for K-12 customers in the San Francisco Bay Area.
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December 17, 2020
- Buyer
- GS Foods Group, Inc., Highview Capital, LLC, A&M Capital Partners (Alvarez & Marsal Capital)
- Target
- Fresno Produce, Co.
- Seller
- David Miller, Laura Miller
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Addon
GS Foods Group, backed by affiliates of Highview Capital and A&M Capital Partners, has acquired family-owned produce supplier Fresno Produce, Co. The deal adds Fresno Produce’s local K-12 school nutrition footprint (serving ~100 schools and 73,000+ students) to GS Foods’ national foodservice distribution platform to expand regional capabilities in California.
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- Buyer
- The Riverside Company, National Flavors (NF)
- Target
- Bonnie & Don Flavours (B&D)
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Addon
The Riverside Company, through its flavor platform with portfolio company National Flavors (NF), completed an add-on acquisition of Bonnie & Don Flavours (B&D), a Canadian manufacturer of natural and organic flavors and extracts. The deal is the second add-on to Riverside's flavor platform and is intended to expand the platform's geographic presence by adding a manufacturing facility in Canada.
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November 19, 2020
- Buyer
- FreshEdge, Rotunda Capital Partners
- Target
- McCartney Produce
- Industry
- Food & Beverage
- Location
- Tennessee, United States
- Type
- Addon
FreshEdge, the family of produce and specialty food distribution companies backed by Rotunda Capital Partners, has acquired McCartney Produce, a Paris, Tennessee-based distributor of fresh produce and specialty food products. The deal, which closed on November 18, 2020 (terms not disclosed), expands FreshEdge's presence in Tennessee, the Southeast and the Midwest; McCartney will continue to operate from its Paris facility with Raymon Randolph remaining as president.
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October 28, 2020
- Buyer
- Quirch Foods, Palladium Equity Partners
- Target
- Colorado Boxed Beef
- Seller
- Altamont Capital Partners
- Industry
- Food & Beverage
- Location
- Florida, United States
- Type
- Addon
Quirch Foods, backed by affiliates of Palladium Equity Partners, has completed a merger with Colorado Boxed Beef (CBBC), creating a leading U.S. distributor and exporter of protein and ethnic food products. The combined company now operates more than 20 distribution centers, has approximately 1,700 employees and over $3 billion in annual sales; Altamont Capital Partners (CBBC's prior sponsor) will retain an equity stake.
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October 21, 2020
- Buyer
- Waterlogic, Castik Capital
- Target
- Tipperary Water
- Seller
- C&C Group plc
- Industry
- Food & Beverage
- Location
- County Tipperary, Ireland
- Type
- Addon
Waterlogic has acquired the water cooler business of Tipperary Water from C&C Group plc, adding over 12,000 machines in the field and doubling the size of Waterlogic's Ireland team. The deal expands Waterlogic's footprint in the Republic of Ireland and Northern Ireland as part of its buy-and-build strategy under PE owner Castik Capital.
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October 1, 2020
- Buyer
- Rosewood Private Investments
- Target
- Living Ecology
- Industry
- Food & Beverage
- Location
- Nevada, United States
- Type
- Addon
Rosewood Private Investments (RPI) has acquired Living Ecology, a developer, formulator, and manufacturer of functional foods and nutritional supplements headquartered in Henderson, Nevada. Living Ecology — which operates manufacturing facilities in Corona, California and an allergen-free facility in Henderson — will become an affiliate of RPI-owned Innovations in Nutrition + Wellness (INW), expanding RPI/INW’s capabilities into fruit and nutritional bars sold to retailers such as Costco, Whole Foods and Starbucks.
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September 30, 2020
- Buyer
- Haudecoeur, Ergon Capital Partners IV SCSp
- Target
- Palais Impérial
- Seller
- Nicolas Pacheny, Arnaud Gillier
- Industry
- Food & Beverage
- Location
- Île-de-France, France
- Type
- Addon
Haudecoeur — supported by Ergon Capital Partners IV and the founding Haudecoeur family — has acquired Palais Impérial, the French leader in green tea, from Nicolas Pacheny and Arnaud Gillier, who are reinvesting in the combined group. Palais Impérial, based in the Paris region with reported revenue of €14 million, will be integrated into Haudecoeur to broaden its branded tea offering and strengthen the group's position in France and Europe.
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September 14, 2020
- Buyer
- Bettera Brands, LLC, Highlander Partners, L.P.
- Target
- Nutravail, LLC
- Industry
- Food & Beverage
- Location
- Virginia, United States
- Type
- Addon
Bettera Brands, a portfolio company of Highlander Partners, acquired substantially all of the assets of Nutravail, a Chantilly, Virginia-based developer and manufacturer of soft chew nutraceuticals. The acquisition expands Bettera's confectionary delivery capabilities (gummies, lozenges and chewables) and is intended to accelerate cross-selling, product development and manufacturing capacity for wellness brands.
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August 25, 2020
- Buyer
- The Riverside Company, Parker Products, Inc.
- Target
- Creative Food Ingredients
- Industry
- Food & Beverage
- Location
- New York, United States
- Type
- Addon
The Riverside Company has invested in Creative Food Ingredients (CFI) as a platform-sized add-on to its Parker Products platform. The deal combines CFI's specialty baked ingredients with Parker's inclusions and value-added ingredient capabilities to expand product offerings, drive cross-selling and scale operational and R&D capabilities.
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August 10, 2020
- Buyer
- Florida Food Products, MidOcean Partners
- Target
- Amelia Bay, LLC
- Seller
- Crandall family
- Industry
- Food & Beverage
- Location
- Georgia, United States
- Type
- Addon
Florida Food Products (a MidOcean Partners portfolio company) has acquired Amelia Bay, LLC, a Johns Creek, Georgia-based extractor and formulator of brewed tea, coffee extracts and botanicals. The acquisition builds FFP's beverage platform and strengthens its clean-label ingredient capabilities across meat, savory, health & wellness and beverage end-markets.
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- Buyer
- Noble Foods Nutrition Inc., Novacap
- Target
- Betty Lou's, Inc.
- Seller
- Betty Lou's, Inc., Betty Lou Carrier
- Industry
- Food & Beverage
- Location
- Oregon, United States
- Type
- Addon
Noble Foods Nutrition, a Montreal-based contract manufacturer backed by Novacap, acquired the co-packing activities of Betty Lou's, Inc. in McMinnville, Oregon. The deal transfers Betty Lou's co-packing operations to Noble Foods while founder Betty Lou Carrier retains ownership of the Betty Lou's brand and will continue manufacturing at a new McMinnville facility.
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July 31, 2020
- Buyer
- TruFood Manufacturing (AOG, LLC d/b/a TruFood Manufacturing), AUA Private Equity Partners, LLC
- Target
- Simply Natural Foods (SNF)
- Industry
- Food & Beverage
- Location
- New York, United States
- Type
- Addon
AOG, LLC d/b/a TruFood Manufacturing, backed by AUA Private Equity Partners, has acquired Simply Natural Foods, a contract manufacturer of nutrition bars and confectionery. Simply Natural Foods will operate as TruFood going forward; the company is headquartered in Commack, New York and has approximately 200 employees. Financial terms were not disclosed.
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July 30, 2020
- Buyer
- FoodChain ID, Paine Schwartz Partners
- Target
- Nutraveris
- Industry
- Food & Beverage
- Location
- Brittany, France
- Type
- Addon
FoodChain ID, a Paine Schwartz Partners portfolio company, has acquired Nutraveris, a France-based scientific and regulatory affairs consultancy and AI-driven software provider for the health, nutrition and supplements markets. The acquisition expands FoodChain ID's technology-enabled compliance, claim verification and regulatory capabilities across Europe and strengthens its global food safety, quality and sustainability platform.
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July 29, 2020
- Buyer
- The Riverside Company, National Flavors
- Target
- GSB & Associates, Inc.
- Industry
- Food & Beverage
- Location
- Georgia, United States
- Type
- Addon
The Riverside Company has invested in GSB & Associates, Inc. (GSB), a flavor house specializing in liquid and powdered custom flavors, masking agents and enhancers. GSB will be the first add-on to Riverside portfolio company National Flavors, broadening the combined platform's product portfolio and R&D capabilities to better serve small- and mid-sized food & beverage customers.
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July 22, 2020
- Buyer
- Olde Thompson, Kainos Capital
- Target
- Gel Spice
- Seller
- Engel family
- Industry
- Food & Beverage
- Location
- New Jersey, United States
- Type
- Addon
Olde Thompson, a portfolio company of Kainos Capital, has acquired Gel Spice, a family-owned importer and manufacturer of spices, seasonings and bakery ingredients based in Bayonne, New Jersey. The add-on expands Olde Thompson’s capabilities and creates a bi-coastal manufacturing footprint, broadening its channel reach into retail, foodservice, bakery, industrial and export markets.
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- Buyer
- Giraffe Foods Inc., Graham Partners
- Target
- Lounsbury Foods
- Seller
- Family owners of Lounsbury Foods
- Industry
- Food & Beverage
- Location
- Canada
- Type
- Addon
Giraffe Foods, a Toronto/Mississauga-based custom sauces and dressings manufacturer and portfolio company of Graham Partners, has acquired Lounsbury Foods, a Canadian family-owned maker of horseradish, seafood cocktail sauce and condiments. The add-on expands Giraffe's product portfolio and manufacturing capabilities (including fresh root processing), creates cross-selling opportunities across foodservice, retail and industrial customers, and is expected to generate operational and procurement synergies.
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July 9, 2020
- Buyer
- Sonoma Brands
- Target
- Chef's Cut Real Jerky Co.
- Industry
- Food & Beverage
- Location
- United States
- Type
- Addon
Sonoma Brands, a consumer-focused private equity investor led by Jon Sebastiani, has completed the acquisition of Chef's Cut Real Jerky Co. for an undisclosed amount. The deal pairs Chef's Cut with Sonoma Brands' existing jerky brand KRAVE to build a combined portfolio in the premium meat snacking category, with Kevin Murphy to lead the combined entity as interim CEO.
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- Buyer
- Fresh Direct Produce, Ltd., HKW
- Target
- Mike and Mike's Inc.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Addon
HKW portfolio company Fresh Direct Produce, Ltd. has acquired Mike and Mike's Inc., a Woodbridge, Ontario-based distributor of certified organic fruits and vegetables. The transaction is an add-on to the Fresh Direct Produce platform to expand its Canadian distribution footprint into Ontario; financial terms were not disclosed.
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June 30, 2020
- Buyer
- Vibrant Foods, Exponent Private Equity LLP
- Target
- Cofresh Snack Foods
- Seller
- Patel family
- Industry
- Food & Beverage
- Location
- Leicestershire, United Kingdom
- Type
- Addon
Vibrant Foods, the UK ethnic foods platform backed by Exponent Private Equity, has acquired Cofresh Snack Foods (CSF), the owner of the Cofresh and Eat Real brands, for an undisclosed sum. The Patel family, selling shareholders, will reinvest as minority holders; the deal strengthens Vibrant Foods' portfolio across South Asian staples and fast-growing plant-based/free-from snacking to accelerate distribution and growth across the UK and Europe.
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June 3, 2020
- Buyer
- Matrix Sciences International Inc.
- Target
- Lapuck Laboratories
- Seller
- Dr. Khalil Zadeh
- Industry
- Food & Beverage
- Location
- Massachusetts, United States
- Type
- Addon
Matrix Sciences International Inc. has acquired Lapuck Laboratories, a Canton, Massachusetts-based microbiology laboratory founded in 1966 and owned by Dr. Khalil Zadeh. The acquisition expands Matrix Sciences' laboratory network into the New England region and strengthens its food/agriculture testing and analytics capabilities.
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May 11, 2020
- Buyer
- Quirch Foods, LLC, Palladium Equity Partners, L.L.C.
- Target
- Butts Foods, Inc.
- Industry
- Food & Beverage
- Location
- Tennessee, United States
- Type
- Addon
Palladium Equity Partners–backed Quirch Foods, LLC has acquired Butts Foods, a family-owned fresh protein distributor headquartered in Jackson, Tennessee. The add-on expands Quirch's footprint in the Southeast by bringing Butts Foods' five distribution facilities across Tennessee, Alabama and Mississippi into the Quirch platform.
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- Buyer
- Sauer Brands Inc., Falfurrias Capital Partners
- Target
- Chicago Custom Foods LLC
- Seller
- Highlander Partners, L.P.
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Addon
Sauer Brands Inc., a portfolio company of Falfurrias Capital Partners, has acquired Chicago Custom Foods LLC, the maker of the Kernel Season's popcorn seasoning brand, from Highlander Partners. The deal expands Sauer Brands' branded snack and seasoning portfolio and will operate CCF as a separate business unit under existing leadership; terms were not disclosed.
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- Buyer
- Cadman Capital Group, Highweald Beverages
- Target
- 360 Degree Brewing Company
- Industry
- Food & Beverage
- Location
- East Sussex, United Kingdom
- Type
- Addon
Cadman Capital Group has acquired East Sussex-based 360 Degree Brewing Company through its beverage platform Highweald Beverages. The transaction is an add-on to Cadman's growing UK beverage portfolio and follows a prior acquisition of the Lake Street vineyard; Highweald intends to keep the brewery's operations intact while supporting growth.
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April 7, 2020
- Buyer
- Entrepreneurial Equity Partners, Kronos Foods
- Target
- Grecian Delight Foods, Inc.
- Seller
- Parthenis family
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Addon
Entrepreneurial Equity Partners' portfolio company Kronos Foods has agreed to merge with Grecian Delight Foods, a Parthenis family business headquartered in Elk Grove Village, Illinois. The Parthenis family will retain a significant stake and Peter Parthenis, Jr. will serve as president and CEO of the combined company; financial terms were not disclosed.
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March 18, 2020
- Buyer
- C.J. Foods, Inc., J.H. Whitney Capital Partners
- Target
- American Nutrition, Inc.
- Industry
- Food & Beverage
- Location
- Utah, United States
- Type
- Addon
C.J. Foods, a portfolio company of J.H. Whitney Capital Partners, has acquired American Nutrition, combining two leading super-premium pet food manufacturers to create the largest independent producer of super-premium pet food in the U.S., producing over one billion pounds annually. The deal expands C.J. Foods' product portfolio and national distribution footprint across dry, canned and baked treats while preserving senior leadership roles on the combined board.
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- Buyer
- Latina Boulevard Foods, LLC, The Anderson Group, LLC
- Target
- Rochester Meat Company, Inc.
- Industry
- Food & Beverage
- Location
- New York, United States
- Type
- Addon
Latina Boulevard Foods, a portfolio company of The Anderson Group, acquired certain assets of Rochester Meat Company and will integrate the business into Latina's distribution platform while Rochester's protein-processing, storage and distribution facility continues operating in Rochester, New York. The acquisition is an add-on to expand Latina's protein-processing capabilities, broaden its product offering and grow its customer base in Western New York.
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- Buyer
- AUA Private Equity Partners, LLC, Gourmet Culinary Partners, LLC
- Target
- Holiday Foods
- Seller
- Schwan's Company
- Industry
- Food & Beverage
- Location
- Indiana, United States
- Type
- Addon
AUA Private Equity Partners’ platform Gourmet Culinary Partners has acquired Holiday Foods from Schwan’s Company to expand its national specialty prepared foods footprint. The deal strengthens GCP’s capabilities in appetizers and hors d’oeuvres and supports the platform’s strategy to serve national foodservice and retail accounts.
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February 18, 2020
- Buyer
- Stir Foods, Wind Point Partners
- Target
- Celtrade Canada, Inc.
- Seller
- The Succession Fund, Argosy Partners Ltd.
- Industry
- Food & Beverage
- Location
- Ontario, Canada
- Type
- Addon
Stir Foods, a Wind Point Partners portfolio company, has acquired Celtrade Canada, a private-label and contract manufacturer of sauces, dressings and condiments, from The Succession Fund (managed by Argosy Partners). The deal expands Stir's manufacturing footprint and capabilities with Celtrade’s SQF-certified facility in the Toronto area, enhancing geographic redundancy, packaging variety and culinary resources to support growth.
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February 10, 2020
- Buyer
- Ronnoco Beverage Solutions, Huron Capital
- Target
- Trident Beverage
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Ronnoco Beverage Solutions, the Huron Capital-backed beverage platform, has acquired Houston-based Trident Beverage, a provider of dispensed beverages and dispensing equipment for K-12, convenience and foodservice channels. The deal—Ronnoco's ninth add-on under Huron Capital's ExecFactor strategy—keeps founders John and Patrick Walker with an ownership stake and aims to expand Ronnoco's frozen/cold beverage offerings and geographic/service footprint.
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February 10, 2020
- Buyer
- Florida Veg Investments, LLC (Mr. Greens)
- Target
- Cawoods Produce Inc.
- Seller
- Sam Cawood, Cawoods management team (including Brenda)
- Industry
- Food & Beverage
- Location
- Texas, United States
- Type
- Addon
Florida Veg Investments, LLC (Mr. Greens), a PE-backed produce distributor based in Miami, has acquired Cawoods Produce Inc., a regional produce and specialty goods distributor headquartered in Austin, Texas. The Cawoods management team rolled a portion of proceeds into Mr. Greens and will continue operating the business as part of Mr. Greens' add-on growth strategy to expand its footprint in Texas.
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January 27, 2020
- Buyer
- Whitebridge Pet Brands, LLC, Frontenac
- Target
- Cardinal Pet Care, LLC
- Industry
- Food & Beverage
- Location
- United States
- Type
- Addon
Whitebridge Pet Brands, a PE-backed pet food and treats platform, has completed the acquisition of Cardinal Pet Care, the owner of brands including Pet Botanics and Crazy Dog. The deal (terms undisclosed) expands Whitebridge's portfolio in training treats and complementary pet health products and will be integrated into its existing branded platform backed by Frontenac.
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January 23, 2020
- Buyer
- Arctic Glacier, LLC
- Target
- Superior Ice Company Inc.
- Seller
- Blaine Lannan and partners
- Industry
- Food & Beverage
- Location
- Indiana, United States
- Type
- Addon
Arctic Glacier, LLC has acquired Superior Ice Company Inc., which operates in Linton and Indianapolis, Indiana. The acquisition expands Arctic Glacier's Midwest footprint and delivery capacity; financial terms were not disclosed.
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January 20, 2020
- Buyer
- Western's Smokehouse, Charis Consumer Partners
- Target
- Thrushwood Farms
- Seller
- Hankes family (Thrushwood Farms ownership)
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Addon
Family-owned Western's Smokehouse of Greentop, Missouri has entered a definitive agreement to acquire Thrushwood Farms of Galesburg, Illinois. Both companies are backed by investor group Charis Consumer Partners; the deal consolidates manufacturing capacity and capabilities (Thrushwood's retail store will close to focus on expansion) and the Hankes family becomes a shareholder in Western's.
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January 16, 2020
- Buyer
- Gourmet Culinary Partners, LLC, AUA Private Equity Partners, LLC
- Target
- Van-Lang Enterprises, Inc.
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Type
- Addon
Gourmet Culinary Partners, a platform backed by AUA Private Equity Partners, has acquired Van-Lang Enterprises, a family-owned manufacturer and distributor of appetizers and hors d'oeuvres based in the Chicago area. The add-on expands Gourmet Culinary Partners' national footprint and adds a 20,000 sq. ft. production facility and self-distribution capabilities in the Midwest to better serve hospitality, catering, airline and retail customers.
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January 13, 2020
- Buyer
- Ancient Harvest, Quinoa Corporation, Encore Consumer Capital
- Target
- Pamela's Products
- Industry
- Food & Beverage
- Location
- Pennsylvania, United States
- Type
- Addon
Ancient Harvest (part of Quinoa Corporation and backed by Encore Consumer Capital) has completed the acquisition of the Pamela's brand, joining two heritage gluten-free companies. The deal more than doubles the business under Quinoa Corporation's management, expands retail footprint and combines formulation expertise and supplier networks to drive new product development and manufacturing scale.
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- Buyer
- Daniele International, Entrepreneurial Equity Partners
- Target
- Creminelli Fine Meats, LLC
- Industry
- Food & Beverage
- Location
- Utah, United States
- Type
- Addon
Daniele International, a portfolio company of Chicago-based private equity firm Entrepreneurial Equity Partners (e2p), has completed a merger with Salt Lake City-based Creminelli Fine Meats. Financial terms were not disclosed; the deal expands Daniele's premium charcuterie and snack portfolio while keeping Creminelli's CEO Chris Bowler in place to continue growth and channel expansion.
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