Boca Raton, FL—Celsius Holdings completed the financial restructuring and acquisition of Func Food Group Oyj on October 25, according to a press release. Consideration for the transaction was approximately $15.1 million in cash and the assumption of $9.5 million of outstanding debt. Func Food is a Nordic wellness company that...
Lake Success, NY—The Hain Celestial Group, Inc. announced in a press release that it has sold Arrowhead Mills and SunSpire to Hometown Food Company, a wholly-owned portfolio company of Brynwood Partners VII L.P. and Brynwood Partners VIII L.P., for $15 million, subject to customary post-closing adjustments. The transaction includes the...
Manchester, UK—AAK has acquired a majority stake in Soya International, according to a press release, which will now trade under the name AAK Soya International Ltd. The company supplies a range of lecithins, including specialty lecithin solutions developed for chocolate, confectionery, bakery, dairy, and infant nutrition applications. There will be...
Secaucus, NJ—The Vitamin Shoppe, Inc. announced in a press release that the “go-shop” period provided for under the terms of the merger agreement between Vitamin Shoppe and Liberty Tax expired at 12:01 A.M. Eastern Time on September 6, 2019. Vitamin Shoppe received an acquisition proposal from a third party during...
Bloomingdale, IL–NOW announced that the company has expanded its supplement product lines with the acquisition of SuperNutrition, a supplement company that specializes in multi-vitamin formulations based on scientifically proven potencies. SuperNutrition was founded by Patrick Mooney and his son, Michael Mooney, in 1977. Patrick’s daughter, Kathy Mooney, later led the...
Lake Success, NY—The Hain Celestial Group has completed the sale of Tilda, a premium basmati and specialty rice brand, to EBRO FOODS S.A. for a purchase price of $342 million in cash, according to a press release. The purchase price reflects an adjusted EBITDA multiple of 13.5x, based on estimated...
Denver and El Segundo, CA--The Simply Good Foods Company has entered into a definitive agreement to acquire Quest Nutrition, LLC, for $1.0 billion in cash, or approximately $870 million net of tax benefits, on a cash-free and debt-free basis, according to an announcement by the companies. The pairing of Atkins...
Virginia Beach, VA, and Secaucus, NJ—The Vitamin Shoppe is to be sold to Liberty Tax, Inc., the parent company of Liberty Tax Service and Buddy’s Home Furnishings, according to a press release. The transaction is expected to be completed in the fourth quarter of 2019, subject to approval by The...
Oak Brook, IL—TreeHouse Foods, Inc. announced in a press release that it has entered into a definitive agreement to sell their Snacks Division to Atlas Holdings LLC. The Snacks Division, the press release says, is “one of the largest manufacturers and distributors of private label healthy snacks to premier retail...
Santa Barbara, CA—Bragg Live Food Products announced that the company has been acquired by an investor group led by private equity firm Swander Pace Capital, investment firm Dragoneer Investment Group, and co-investors singer/songwriter Katy Perry, actor Orlando Bloom, and Hayden Slater, the founder of Pressed Juicery. These investors, according to a...
