Paine Schwartz Partners completed the acquisition of a stake in Lyons Magnus.

Paine Schwartz Partners, a private equity firm focused exclusively on investment opportunities in the fast-growing, dynamic global food and agribusiness sectors, completed the acquisition of a stake in Lyons Magnus, a developer and manufacturer of fruit and flavor solutions for the foodservice, healthcare and dairy industries. Financial terms were not disclosed. "In Lyons Magnus, we are making a strategic investment in an exciting growth platform in the foodservice sector that is a strong fit with our approach to investing in the food and agribusiness industry. We know the Smittcamp family well and have great admiration for what they have done to build the Lyons Magnus business. We believe Lyons Magnus is well-positioned to meet the growing demand for innovative foodservice products and we are extremely excited about the opportunity to partner with Bob and the rest of the management team to expand upon the Company's tremendous heritage and strong market positions to drive the next stage of development," Kevin Schwartz, Paine Schwartz Partners CEO and Founding Partner.