Axxence Corporation Acquires Purely Natural

GoodLife Foods Acquires Pure Ingredients

July 26, 2024

Food & Beverage

GoodLife Foods has signed an agreement to acquire Pure Ingredients, a Netherlands-and-Germany-based manufacturer of halal frozen snacks and meal components. The acquisition expands GoodLife's frozen product portfolio and European market reach; financial terms were not disclosed and completion is subject to regulatory approvals.

TruFood Manufacturing Acquires Simply Natural Foods

July 31, 2020

Food & Beverage

AOG, LLC d/b/a TruFood Manufacturing, backed by AUA Private Equity Partners, has acquired Simply Natural Foods, a contract manufacturer of nutrition bars and confectionery. Simply Natural Foods will operate as TruFood going forward; the company is headquartered in Commack, New York and has approximately 200 employees. Financial terms were not disclosed.

Florida Food Products Acquires Comax Manufacturing Corp.

November 30, 2021

Food & Beverage

Florida Food Products (FFP), backed by Ardian and MidOcean Partners, has acquired Comax Manufacturing Corp., a provider of clean-label natural flavor solutions focused on beverage and nutrition markets. The Calabretta family will retain an equity stake and Comax will continue operating its Melville, NY manufacturing facility and Marlton, NJ R&D site as part of FFP's Taste Division to expand FFP's clean-label flavor capabilities.

Smart for Life, Inc. Acquires Purely Optimal Nutrition

April 8, 2024

Food & Beverage

Smart for Life, Inc. (Nasdaq: SMFL), a publicly held nutraceuticals holding company, entered a definitive agreement to acquire Purely Optimal Nutrition, a North America-focused eCommerce nutraceuticals company. The acquisition is expected to close within eight weeks, and Smart for Life said the deal will expand its product offering, drive additional revenue (Purely Optimal is estimated to generate over $8 million in revenue and ~$1 million in Adjusted EBITDA) and create economies of scale across its operations.

Givaudan Acquires Custom Essence

November 15, 2021

Consumer Products

Givaudan has reached an agreement to acquire Custom Essence, a family-owned fragrance creation house based in Somerset, New Jersey. The acquisition expands Givaudan's natural-fragrance capabilities and local/regional customer reach as part of its 2025 fragrance strategy; Custom Essence employs roughly 70 people and would have represented about USD 40 million of incremental sales on a 2020 proforma basis.

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.