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Synopsis
Calbee, a Japanese snack food producer completed the acquisition of Warnock Food Products, a snack producer from private equity firm Brown Gibbons Lang & Company. Financial terms were not disclosed. Calbee was selected in a competitive sale process run by BGL that included a targeted group of private equity sponsors and global strategic players. Through the acquisition of Warnock Food Products, Calbee aims to expand its product portfolio in the US snack market. "Warnock is very pleased with the outcome of this transaction. The BGL team was instrumental in advising us through every step of the process, including the actions needed to prepare for a successful launch. We thank them for their tremendous effort," Kraig Rawls, Warnock Food Products Co-Owner and CEO.
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