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LONDON & DETROIT–(BUSINESS WIRE)–Apr 26, 2022–
Funds managed by CapVest Partners LLP (“CapVest”), a number one worldwide non-public fairness investor, have closed the acquisition of Second Nature Brands (“the Company”), a Michigan-based creator of premium, dietary and higher for you snacks and treats, together with Kar’s Nuts, Second Nature Snacks, and Sanders Chocolates, from a non-public fairness fund affiliated with Palladium Equity Partners, LLC.
With a heritage stretching over 140 years, the Company is a frontrunner in the fast-growing snacks and treats market, focussing on the dietary and life-style wants of health-conscious customers. The Company’s manufacturers comprise Kar’s Nuts, the #1 branded path combine delivering better-for-you, on-the-go fuelling snacks, Second Nature Snacks, a pioneer in pure, non-GMO-verified premium snacks and path mixes created for a wholesome, on-the-go life-style, and Sanders Chocolates, the chief in premium, small-batch, kettle-cooked sea salt caramels.
Commenting on the transaction, Othmane Khelladi, Partner, CapVest, stated: “Second Nature Brands is a very exciting platform with ambitious plans to grow its presence in the highly attractive snacking and treats market. Through our ownership, we look forward to supporting Vic Mehren and his world-class team in accelerating growth through further investment in product innovation, category leadership and by scaling the existing platform through transformational acquisitions.”
Commenting on behalf of Second Nature Brands, CEO Vic Mehren stated: “Our partnership with Palladium has been extraordinarily successful and we thank them for their contributions to Second Nature Brands. With their support, and through the efforts of our great Second Nature Brands team members, Second Nature Brands has transformed into a leader within Snacks and Treats. We’re now thrilled to be partnering with CapVest for our next phase of growth. The CapVest team’s deep consumer food experience will be invaluable as we work to build on our Snacks and Treats platform organically, and inorganically with strategic acquisitions.”CapVest has been investing in meals companies round the world for extra over 20 years and has a deep understanding of the shopper meals sector. Recent successes embrace the transformation of Valeo Foods from an Irish-only enterprise with lower than €200 million in gross sales, to a number one world ambient meals group with over €1.1 billion in internet gross sales working in over 106 markets round the world.
CapVest was suggested by William Blair (M&A) and Willkie Farr & Gallagher (Legal).
About CapVest
CapVest is a number one worldwide non-public fairness investor that companions with bold firms supplying important items and companies to rework their companies. As an energetic and affected person investor, CapVest has established a robust report of success in delivering enticing returns by working carefully with administration in remodeling the measurement and scale of its portfolio firms by way of a mix of natural and acquisition led development. For extra info, go to www.capvest.co.uk
About Second Nature Brands
Second Nature Brands is a number one creator of snacks and treats that make lives higher, naturally. By investing in new product growth, considerate ingredient sourcing, and revolutionary enterprise processes, Second Nature Brands is reimagining premium and better-for-you snacks and treats. Under its rising household of manufacturers, Kar’s Nuts®, Second Nature Snacks®, and Sanders Chocolates®, Second Nature Brands has an in depth distribution community throughout the United States and a rising direct-to-consumer eCommerce presence. Currently, Kar’s Nuts® and Second Nature Snacks® are two of the best-selling path combine manufacturers in the nation, together with the #1 promoting Kar’s Sweet ‘n Salty
Mix. Sanders Chocolates is one of the largest kettle-cooked, small-batch crafters of sea salt caramel treats in the U.S. Find out more at Second Nature Brands ( www.secondnaturebrandsus.com ), Kar’s Nuts ( www.karsnuts.com ), Second Nature Snacks ( www.secondnaturesnacks.com ), and Sanders Chocolates ( www.sanderscandy.com )
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CONTACT: For additional info please contact:
Ben Valdimarsson, Reputation Inc
+44 7889805930
KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA MICHIGAN
INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL TECHNOLOGY FINANCE SOFTWARE FOOD/BEVERAGE
SOURCE: Second Nature Brands
Copyright Business Wire 2022.
PUB: 04/26/2022 08:32 AM/DISC: 04/26/2022 08:32 AM
http://www.businesswire.com/news/home/20220426005746/en
Copyright Business Wire 2022.
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