Entrepreneurial Equity Partners-backed Thrive Foods to acquire Groneweg Gruppe from VR Equitypartner.

Entrepreneurial Equity Partners-backed Thrive Foods, a manufacturer of freeze-dried fruits & vegetables, proteins, pet treats, probiotics, enzymes, and prepared meals, agreed to acquire Groneweg Gruppe, a provider of frozen and air-dried food, such as herbs, vegetables, from VR Equitypartner, a private equity company. Financial terms were not disclosed. „Over the past few years, we have implemented a stringent growth strategy with our top management and shareholders, and worked permanently on the development of new products. This is now paying off: The Groneweg Group is a perfect partner for the common goals with Thrive Foods,“ Karl- Heinz Waszik Groneweg Managing Director.