Second Nature Brands Acquires Sahale Snacks from The J.M. Smucker Co.

CapVest Acquires Second Nature Brands from Palladium Equity Partners

April 26, 2022

Food & Beverage

Funds managed by CapVest Partners LLP have closed the acquisition of Second Nature Brands, a Michigan-based creator of premium snacks and treats (Kar's Nuts, Second Nature Snacks, and Sanders Chocolates), from affiliates of Palladium Equity Partners. CapVest said it will support the company's next phase of growth through product innovation, category leadership and scaling the platform organically and via strategic acquisitions; terms were not disclosed.

Second Nature Brands Acquires Voortman Brand from The J.M. Smucker Co.

October 22, 2024

Food & Beverage

Second Nature Brands (PE-backed by CapVest Partners) acquired the Voortman cookie brand from The J.M. Smucker Co. in an all-cash transaction valued at approximately $305 million (subject to working capital adjustments). The deal (which closed Dec. 2, 2024) includes all Voortman trademarks, a leased manufacturing facility in Burlington, Ontario, and the transition of about 300 employees; Second Nature says the acquisition expands its cookie portfolio and U.S./Canada growth opportunities.

Second Nature Brands (CapVest) Acquires Brownie Brittle from Encore Consumer Capital

December 7, 2022

Food & Beverage

Second Nature Brands, a snacks platform controlled by CapVest Partners LLP, has completed the acquisition of Brownie Brittle from Encore Consumer Capital. The deal is an add-on to the Second Nature Brands platform to expand its portfolio into baking and accelerate Brownie Brittle's retail and e-commerce growth; terms were not disclosed.

Nexus Capital Management Acquires Natural Balance Premium Pet Food Business from The J.M. Smucker Co.

December 4, 2020

Food & Beverage

Los Angeles-based private equity firm Nexus Capital Management signed a definitive agreement to acquire the Natural Balance premium pet food business from The J.M. Smucker Co. Nexus said it will operate Natural Balance as an independent company under new CEO Brian Connolly and pursue brand reinvigoration and growth through pet specialty and e-commerce channels.

Nexus Capital Acquires Smucker's Natural Beverage and Grains Businesses (R.W. Knudsen, TruRoots)

January 31, 2022

Food & Beverage

The J.M. Smucker Co. completed the sale of its natural and organic beverage and grains businesses — including the R.W. Knudsen and TruRoots assets and trademarks plus a licensing agreement for Santa Cruz Organic beverages — to Nexus Capital Management LP for $110 million in cash (subject to working capital adjustments). The transaction includes manufacturing and distribution facilities in Chico, California and Havre de Grace, Maryland, and Nexus plans to operate the acquired brands as an independent consumer platform led by Bobby Chacko as chairman and CEO.

Sweet Harvest Foods Acquires Nature Nate's Honey Co.

January 4, 2022

Food & Beverage

Sweet Harvest Foods, a natural sweeteners platform in the Blue Road Capital portfolio, has purchased Nature Nate's Honey Co. from founder Nathan Sheets and will merge the brand into the Sweet Harvest platform. The deal brings the leading U.S. branded honey business together with Sweet Harvest to accelerate growth of the honey and natural sweetener market and expand retail availability.