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Announced

Completed

Atlas Holdings-backed Flagstone Foods completed the acquisition of Emerald Nuts from Campbell Soup Company.

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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Friendly

Private Equity

snack nuts

Food Products

Majority

Private

Single Bidder

Completed

United States

nut-based products

Acquisition

Domestic

Synopsis

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Atlas Holdings-backed Flagstone Foods, a manufacturer of snack nuts, culinary nuts, trail mixes, and other nut-based snacks, completed the acquisition of Emerald Nuts, a brand known for its snack nuts and nut-based products from Campbell Soup Company, an American company, most closely associated with its flagship canned soups and other baked goods, beverages, and snacks. Financial terms were not disclosed. "Flagstone Foods has long been trusted by the nation's premier retailers to provide the highest quality snacks. Emerald has been providing high-quality branded snack nuts since 2004 and is now the go-to option for consumers seeking better-for-you snacking on the go. Adding Emerald Nuts to our portfolio establishes a new avenue for Flagstone to service our customers with innovative snack products and unites two industry leaders with a shared commitment to the highest levels of product quality and innovation. Our Flagstone team is excited to welcome Emerald as a transformative acquisition to our portfolio and we're looking forward to continuing to drive growth for both Flagstone and our retail partners," Harry Overly, Flagstone Foods Chief Executive Officer.

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