Announced
Financials
Tags
Germany
Acquisition
Food Products
Majority
Single Bidder
Friendly
desserts
Private Equity
Cross Border
Pending
Private
Synopsis
Exponent, a private equity firm, agreed to acquire Gü, a dessert manufacturing company, from Noble Foods, a nutrition and energy bar contract manufacturer. Financial terms were not disclosed. “We strongly believe that Exponent has the necessary expertise to grow the Gü business even further, especially increasing its international reach. The sale allows us to invest and grow Noble Foods’ core business and brands. I’d like to thank Pete Utting (Gü Managing Director) and his team for the exemplary leadership and steering Gü into the leading position it holds today," Duncan Everett, Noble Foods CEO.
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