ACON Investments Acquires Controlling Stake in YumEarth

Trek One Capital Acquires Alter Eco Foods

February 1, 2024

Food & Beverage

Trek One Capital, a Houston-based private equity firm, has completed the acquisition of Alter Eco Foods, a premium organic chocolate and snack manufacturer. Trek One will partner with recently appointed CEO Keith Bearden to grow Alter Eco’s presence in the organic/natural retail channel across the U.S., Canada, Australia and New Zealand.

Ferrara Candy Company Acquires Dori Alimentos from ACON Investments

October 4, 2023

Food & Beverage

Ferrara Candy Company (through holding company CTH) has agreed to acquire Dori Alimentos, a leading Brazilian manufacturer and distributor of sweets and snacks, from a family shareholder group and an affiliate of ACON Investments. The transaction, subject to closing conditions and expected to close in Q4 2023, expands Ferrara's geographic footprint into Brazil; financial terms were not disclosed.

Unilever Acquires Yasso Holdings, Inc.

June 14, 2023

Food & Beverage

Unilever has agreed to acquire Yasso Holdings, Inc., a U.S. premium frozen Greek yogurt brand, to bolster the premiumisation of its Ice Cream Business Group in North America. The acquisition, announced from Unilever's Englewood Cliffs office, will add Yasso's better‑for‑you frozen dessert portfolio (sold in grocery and club stores nationwide) to Unilever's ice cream brands and is expected to close in Q3 2023 subject to approvals.

ACON Investments Acquires Stake in Sapore S.A.

April 5, 2022

Food & Beverage

ACON Investments and affiliates of ACON Latin America Opportunities Fund V, L.P., together with co-investors, acquired an equity stake in Sapore S.A., Brazil’s largest privately‑owned corporate foodservice company. The investment will fund Sapore’s expansion and technology initiatives and support the existing shareholders and management as they prepare the company for a potential IPO.

ACON Investments Acquires Northern Wind, Suncoast and Raymond O'Neill to Form Atlantic Sustainable Catch

October 15, 2021

Food & Beverage

ACON Investments simultaneously acquired Northern Wind Inc., Suncoast Seafood Inc., and Raymond O'Neill & Son Fisheries Ltd., merging the three businesses into a new sustainable seafood platform called Atlantic Sustainable Catch (ASC). The combined platform operates five locations across Massachusetts and New Brunswick with roughly 600 employees and will continue to be led by existing management teams who remain meaningful shareholders alongside ACON.

Danone Acquires Earth Island (Follow Your Heart)

February 18, 2021

Food & Beverage

Danone has entered into a share purchase agreement to acquire 100% of Earth Island, the maker of the Follow Your Heart plant-based brands. The acquisition strengthens Danone's plant-based portfolio and will help accelerate the international expansion of Follow Your Heart's dairy-free cheeses, Vegenaise and other plant-based products.