Exponent-backed Meadow Foods to acquire Nimbus Foods.

Exponent-backed Meadow Foods, the UK’s leading supplier of dairy based ingredients to the food industry, agreed to acquire Nimbus Foods, one of Europe’s leading innovators and manufacturers of high-quality inclusions, decorations and toppings for the food industry. Financial terms were not disclosed. "Nimbus fits perfectly with our growth strategy of pushing further into the value added ingredients space. This acquisition will further diversify our portfolio and strengthen our position as a leading supplier of confectionery ingredients. There is a large customer overlap and we continue to grow with the demands of our customers who are looking for strategic partners that can offer unique ingredients solutions.” Mark Chantler, Chief Executive of Meadow Foods.