LONDON — CapVest Partners LLC, an international private equity investor, has acquired Second Nature Brands from a private equity fund affiliated with Palladium Equity Partners LLC.
“Our partnership with Palladium has been extraordinarily successful, and we thank them for their contributions to Second Nature Brands,” said Vic Mehren, CEO of Second Nature Brands, based in Madison Heights, Mich. “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.”
Detroit-based Second Nature Brands launched more than 140 years ago and focuses on better-for-you snacks. The company’s brands comprise Kar’s Nuts, Second Nature Snacks and Sanders Chocolates.
“Second Nature Brands is a very exciting platform with ambitious plans to grow its presence in the highly attractive snacking and treats market,” said Othmane Khelladi, partner at CapVest. “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.”
London-based CapVest has invested in food businesses and companies supplying essential goods and services around the world for more than 20 years. It delivers returns by working closely with management in transforming the size and scale of its portfolio companies through a combination of organic and acquisition-led growth.
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