Brookside Flavors & Ingredients Acquires Flavor Advantage

Brookside Flavors & Ingredients Acquires Sterling Food Flavorings, LLC

January 25, 2024

Food & Beverage

Brookside Flavors & Ingredients LLC (BFI) has acquired the assets of Sterling Food Flavorings, LLC of Dayton, New Jersey. The sellers, Vitas Roman and Rick Englesbe, will remain with the business as part of BFI; the acquisition expands BFI's product portfolio and capabilities to better serve existing and Sterling customers.

Exponent Acquires IFF's Flavour Specialty Ingredients (FSI) Business

August 2, 2023

Food & Beverage

Exponent Private Equity agreed to acquire the Flavour Specialty Ingredients division (FSI) from International Flavors & Fragrances (IFF), a UK‑headquartered supplier of natural and aroma chemical base aromas. The carve‑out includes four manufacturing and distribution facilities across the UK, US and China, serves ~970+ clients and generates over $100 million in revenue; Exponent will back FSI to grow organically and via acquisitions.

Adams Flavors Acquires Goodman's Vanilla

September 29, 2024

Food & Beverage

Adams Flavors, Foods & Ingredients, a portfolio company backed by Midwest Growth Partners and partners, completed the acquisition of Goodman's Vanilla (Goodman's Flavorings) on September 29–30, 2024. Goodman's, a Marshfield, Missouri manufacturer of vanillas, flavor extracts and colors, is Adams' first add-on and will support regional expansion of Adams' branded products and the addition of spice offerings under the Goodman's banner.

Valesco Industries Leads Majority Buyout of Adams Flavors, Foods & Ingredients

March 9, 2022

Food & Beverage

On March 3, 2022 Valesco Industries (via Valesco Fund II) closed a majority buyout and control recapitalization of Central Texas Ingredients I, LLC (dba Adams Flavors, Foods & Ingredients) in Gonzales, Texas. The transaction included co-investors Brookside Capital Partners, Deason Capital, Midwest Growth Partners and CEO Daniel (Dan) Shannon; proceeds will support new private label programs and nationwide expansion of the Adams brand.

The Riverside Company Invests in National Flavors, LLC

March 11, 2020

Food & Beverage

The Riverside Company, a global private equity firm, has invested in National Flavors, LLC (NF), a Michigan-based flavor manufacturer founded in 1941 that supplies flavors for beverages, frozen desserts, baked goods, confections and processed fruits. Riverside said it will strengthen NF’s research, development and application capabilities through organic and inorganic initiatives and is actively pursuing add-ons to build out its flavor and specialty ingredients platform.

Phoenix Flavors and Fragrances Acquires Innovative Fragrances Inc.

April 18, 2022

Consumer Products

Phoenix Flavors and Fragrances has acquired Innovative Fragrances Inc., an Atlanta-area developer and compounder of fragrance compounds serving home fragrance, personal care, candles and air freshener markets. The deal expands Phoenix's geographic footprint in the Southeast United States and strengthens its perfumery, regulatory and technical capabilities.