US-based private equity investor CapVest have acquired Second Nature Brands, a company offering nutritional snacks and treats, including Kar’s Nuts, Second Nature Snacks and Sanders Chocolates.
Second Nature Brands’ history spans over 140 years in the snacks and treats market, focusing on the nutritional and lifestyle needs of health conscious consumers. The company’s brands includes Kar’s Nuts, which produce trail mix, Second Nature Snacks, which makes snacks and trail mixes and Sanders Chocolates, which produce small-batch, kettle-cooked sea salt caramels.
“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 innovati0n, category leadership and by scaling the existing platform through transformational acquisitions.”
CapVest has been investing in food businesses for more than 20 years, with an understanding of the consumer food sector. Recent achievements include the transformation of Valeo Foods from less than EU€200 million n sales to over EU€1.1 billion in sales operating over 106 markets around the world.
“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,” said Vic Mehren, CEO of Second Nature Brands. “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.”
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