NovaTaste Acquires McClancy Foods & Flavors
December 10, 2024
NovaTaste, a global taste-innovation company headquartered in Austria, has acquired McClancy Foods & Flavors from Dallas-based private equity firm CIC Partners. McClancy will continue to operate under its brand with the existing leadership team (including CEO Stephen Andresen) remaining in place and retaining significant ownership, while gaining access to NovaTaste's international innovation capabilities and distribution network.
- Buyers
- NovaTaste
- Targets
- McClancy Foods & Flavors
- Sellers
- CIC Partners
- Industry
- Food & Beverage
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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