Announced
Completed
Financials
Tags
Majority
Private
Acquisition
Cross Border
Completed
Private Equity
Food Products
food contract manufacturer
United States
Friendly
Single Bidder
Synopsis
Mubadala Capital, an investment firm, completed the acquisition of TruFood Manufacturing, a provider of snack food contract manufacturing services, from AUA Private Equity Partners, a private equity firm. Financial terms were not disclosed. "TruFood is an exceptional company that has firmly established itself as a market leader, a position it has achieved through a history of reliability, continuous innovation and consistently delivering superior products for its customers. Just as importantly, it has an experienced and dedicated management team and passionate employees who are committed to driving value for the company and all its stakeholders. Even as a category leader, TruFood has significant growth potential and we are confident that access to our resources and network, combined with the synergies within the wider Mubadala Capital portfolio, will help the company reach even greater heights," Adnan Azam, Mubadala Capital Director.
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