Novacap-backed Noble Foods Nutrition completed the acquisition of the co-packing activities of Betty Lou's.

Novacap-backed Noble Foods Nutrition, a nutrition and energy bar contract manufacturer, completed the acquisition of the co-packing activities of Betty Lou's, a manufacturer of energy bars, protein shakes, crackers and protein balls. Financial terms were not disclosed. "This acquisition marks the first transaction in our investment thesis and an excellent foothold for Noble Foods in both the United States as well as the West Coast. We firmly believe that Noble Foods will become the preferred contract manufacturer in North America and we will continue to explore multiple acquisition and strategic opportunities to expand its current manufacturing capabilities and geographic reach," Antoine Casimir, Novacap Principal.