Thrive Freeze Dry (Thrive Foods) Acquires Canature

Thrive Freeze Dry Acquires Freeze‑Dry Foods from Cumming Capital

August 2, 2022

Food & Beverage

Thrive Freeze Dry, a portfolio company of Entrepreneurial Equity Partners and the Private Equity business of Mubadala Capital, has acquired Freeze‑Dry Foods from Cumming Capital. The acquisition adds a 240,000 sq. ft. freeze‑dry manufacturing facility in Albion, New York and brings specialized formulation and wet‑processing capabilities to Thrive's existing operations to expand its geographic footprint and product capabilities.

Thrive Freeze Dry (EEP / Mubadala Capital) Acquires Groneweg Group (Freeze-Dry Foods)

June 27, 2023

Food & Beverage

Thrive Freeze Dry, a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital, has signed a definitive agreement to acquire Groneweg Group (also marketed as Freeze‑Dry Foods), a Germany‑based manufacturer of freeze‑ and air‑dried ingredients. The add-on deal expands Thrive's global manufacturing footprint (adding operations in Greven, Germany and La Joya, Peru) and broadens its product suite for consumer packaged goods and retail customers; the transaction is expected to close in 2023 subject to customary approvals.

Entrepreneurial Equity Partners and Mubadala Capital Invest in Mercer Foods and Thrive Freeze Dry

January 13, 2022

Food & Beverage

Chicago-based private equity firm Entrepreneurial Equity Partners (e2p) and Mubadala Capital Private Equity have completed an investment in Mercer Foods and Thrive (Thrive Freeze Dry), combining the two businesses to create a North American market leader in freeze-dried products. Mercer, founded in 1980 and headquartered in Modesto, California, is a leading provider of freeze-dried fruit and vegetable ingredients; Thrive, founded in 2004, is a manufacturer of freeze-dried proteins, pet treats, probiotics, enzymes and prepared meals. Graham Partners is mentioned as the seller of Mercer; financial terms were not disclosed.

Thrive Freeze Dry to Acquire Paradiesfrucht GmbH

April 9, 2024

Food & Beverage

Thrive Freeze Dry, a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital, has signed a definitive agreement to acquire Paradiesfrucht GmbH (Paradise), a German freeze-drying manufacturer that operates 20 freeze dryers across facilities in Salzwedel and Immekath. The acquisition, announced with customary approvals required and expected to close in 2024, expands Thrive's European manufacturing footprint and product offerings — including an opportunity to grow freeze-dried pet products in Europe; financial terms were not disclosed.

Sproutly Acquires Assets of CannaHive Inc.

August 16, 2021

Food & Beverage

Sproutly Canada, Inc. has acquired the primary assets of CannaHive Inc., giving Sproutly pharmaceutical-grade, fully automated equipment to produce cannabis edibles (gummies and chocolates) at scale. The asset acquisition gives Sproutly in-house manufacturing capability and improved economics to support a national launch of its whole-plant confectionary products in Canada.

NVM Private Equity Invests £2m in Pure Pet Food

April 9, 2019

Food & Beverage

NVM Private Equity has provided a £2 million growth investment in Pure Pet Food, a Yorkshire-based manufacturer of dehydrated and freeze-dried natural pet food. The funding will support product development, team expansion and the company's push to grow its presence across Europe and in major retailers.