Announced
Completed
Synopsis
CapVest Partners-backed Second Nature Brands, a US-based creator of premium, nutritional and better-for-you snacks and treats, completed the acquisition of Brownie Brittle, a brownie snack brand, from Encore Consumer Capital, a private equity firm. Financial terms were not disclosed. "We have ambitious plans to become a US leader in snacks and treats and the acquisition of Brownie Brittle is an exciting step on this journey, which expands our presence into baking and unlocks a new growth stream for us. It also marks our first acquisition since being acquired by our majority investor CapVest, showing how with their support we intend to grow and develop Second Nature Brands through continued investment in the brand, channel & category expansion, as well as continued focus on product quality," Victor Mehren, Second Nature Brands CEO.
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