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Announced

Highlander Partners-backed Fuerst Day Lawson to acquire Quest Ingredients from Quest Vitamins.

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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food flavouring

Majority

Cross Border

Single Bidder

United Kingdom

Pending

Food Products

Private Equity

Friendly

Acquisition

Private

Synopsis

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Highlander Partners-backed Fuerst Day Lawson, a formulator, developer and manufacturer of proprietary taste and nutrition ingredient solutions, agreed to acquire Quest Ingredients, a manufacturer of high-quality proprietary food flavours, animal feed flavours and active botanical extracts, from Quest Vitamins, a manufacturer of specialist health supplements. Financial terms were not disclosed. "We believe the addition of Quest Ingredients is strategic and highly complementary to FDL's existing portfolio of ingredients and formulated solutions. We are excited to offer Quest Ingredients' unique process capabilities to existing FDL customers and expand services to Quest Ingredients' customers with FDL's products and innovation capabilities. We are thrilled to work with the Quest Ingredients team to continue growing the combined business," Eric Beatty, FDL CEO.

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