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New Deal


Announced

Completed

Ardian and MidOcean-backed Florida Food Products completed the acquisition of Comax Flavors.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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flavor solutions

Food Products

Majority

Friendly

Acquisition

United States

Domestic

Private

Single Bidder

Private Equity

Completed

Synopsis

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Ardian and MidOcean-backed Florida Food Products, an international agribusiness, completed the acquisition of Comax Flavors, a provider of clean label flavor solutions focused on the beverage and nutrition markets. Financial terms were not disclosed. "We are thrilled to welcome Comax to the FFP family, and to partner with the Calabretta family. Comax has built an impressive portfolio of natural flavors, which we intend to augment with FFP’s industry leading extraction, drying, and fermentation capabilities. Our acquisition of Comax represents our first major investment of the Ardian and MidOcean partnership and accelerates our objective of becoming the industry’s largest independent provider of natural ingredients," Jim Holdrieth, FFP CEO.

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