Krystal Growth Partners Acquires Huer Foods

Forward Consumer Partners Acquires 51% Stake in Justin's from Hormel Foods

December 15, 2025

Food & Beverage

Forward Consumer Partners has acquired a 51% ownership stake in the Justin’s brand, creating a standalone Justin’s company that will be 51% owned by Forward and 49% owned by Hormel Foods. The transaction returns founder Justin Gold as a strategic advisor and installs Peter Burns as CEO as the business — known for nut butters and USDA-certified organic chocolate confections — seeks focused resources to accelerate growth.

Mondelēz International Acquires Hu (Hu Products)

January 4, 2021

Food & Beverage

Mondelēz International acquired Hu Master Holdings, the parent of Hu Products (Hu Kitchen), closing the transaction on January 4, 2021. Mondelēz — which had been a minority investor through its SnackFutures unit since 2019 — will operate Hu as a separate business to preserve the brand while providing resources to expand distribution, e-commerce and cross-category growth; financial terms were not disclosed.

Krystal Growth Partners Acquires 50% Stake in Enex Energy Corporation

June 25, 2024

Energy

Krystal Growth Partners has acquired a 50% interest in Enex Energy Corporation, a wholesale distributor of Esso fuels and Mobil lubricants that serves commercial customers across Vancouver Island, the Lower Mainland, Northern British Columbia and Alberta. The investment will partner Krystal's capital and expertise with Enex management to support the company's next phase of growth, including market and product expansion.

AUA-backed Gourmet Culinary Partners Acquires Holiday Foods from Schwan's Company

March 3, 2020

Food & Beverage

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.

KENT Corporation (via KENT Precision Foods Group) Acquires Frosty Boy Global

December 8, 2023

Food & Beverage

KENT Corporation, through its subsidiary KENT Precision Foods Group, has acquired Frosty Boy Global, a Gold Coast (Yatala), Australia-based manufacturer of dessert, beverage and savory powder products. The deal expands KENT’s global footprint and manufacturing capabilities (including operations in Australia and India) and extends its sales presence across multiple international markets. Financial terms were not disclosed.

Harwood Private Equity Acquires Crest Foods

February 20, 2024

Food & Beverage

Harwood Private Equity has acquired Crest Foods, a US-based provider of dairy stabilizers, contract packaging, and private-label dry food manufacturing. Terms were not disclosed; Brown Gibbons Lang & Company served as financial advisor and facilitated a sale-leaseback of Crest's 575,000-square-foot Ashton, Illinois facility via TPG Angelo Gordon's Net Lease business. Harwood said the acquisition will support Crest Foods’ next phase of growth.