Operating Company Manufacturing

Thrive Freeze Dry

American Fork, Utah, United States

Thrive Freeze Dry is a global manufacturer of freeze-dried foods and contract freeze-dried products, producing items such as fruits, vegetables, proteins, candy, pet food and other freeze-dried specialties, with facilities across multiple countries.

Focus Areas
Freeze-dried foods, Freeze-dried fruits & vegetables, Freeze-dried proteins

Tracked deals

3

3 tracked deals across 2023-2024.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

3 addon

Thrive Freeze Dry Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for Thrive Freeze Dry. 2 2023 1 2024

Supporting Data

Recent Transactions

  • Buyer
    Thrive Freeze Dry, Entrepreneurial Equity Partners, Mubadala Capital
    Target
    Paradiesfrucht GmbH
    Seller
    Jahncke group
    Industry
    Food & Beverage
    Location
    Saxony-Anhalt, Germany
    Type
    Addon

    Thrive Freeze Dry, a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital, has signed a definitive agreement to acquire Paradiesfrucht GmbH (Paradise), a German freeze-drying manufacturer that operates 20 freeze dryers across facilities in Salzwedel and Immekath. The acquisition, announced with customary approvals required and expected to close in 2024, expands Thrive's European manufacturing footprint and product offerings — including an opportunity to grow freeze-dried pet products in Europe; financial terms were not disclosed.

  • Buyer
    Thrive Freeze Dry (Thrive Foods), Entrepreneurial Equity Partners (e2p), Mubadala Capital
    Target
    Canature
    Industry
    Food & Beverage
    Location
    British Columbia, Canada
    Type
    Addon

    Thrive Freeze Dry (a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital) has acquired Canature, a Langley, British Columbia-based freeze-dried pet food and treats producer. The add-on acquisition expands Thrive's freeze-drying capabilities and pet-focused offering by adding Canature's technical team, wet-processing expertise and a state-of-the-art facility near Vancouver; financial terms were not disclosed.

  • Buyer
    Thrive Freeze Dry, Entrepreneurial Equity Partners, Mubadala Capital
    Target
    Groneweg Group (Freeze-Dry Foods)
    Industry
    Food & Beverage
    Location
    North Rhine-Westphalia, Germany
    Type
    Addon

    Thrive Freeze Dry, a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital, has signed a definitive agreement to acquire Groneweg Group (also marketed as Freeze‑Dry Foods), a Germany‑based manufacturer of freeze‑ and air‑dried ingredients. The add-on deal expands Thrive's global manufacturing footprint (adding operations in Greven, Germany and La Joya, Peru) and broadens its product suite for consumer packaged goods and retail customers; the transaction is expected to close in 2023 subject to customary approvals.

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