Announced
Completed
Financials
Tags
Cross Border
Single Bidder
freeze-dried pet food
pet food
Food Products
Canada
Acquisition
Majority
Private
Private Equity
Completed
Friendly
Synopsis
Entrepreneurial Equity-backed Thrive Foods, a manufacturer of freeze-dried products, completed the acquisition of Canature, a producer of freeze-dried pet food and treats. Financial terms were not disclosed. “We are thrilled to join Thrive Foods. We have long admired Thrive's success in the freeze-dried industry and believe significant value and synergy will be generated by combining the capabilities of our teams. e2p and Mubadala Capital have a successful history of partnering with family-held businesses and entrepreneurs and we believe they will provide us with the necessary support and expertise to achieve Canature’s next phase of growth within Thrive,” Gary Xu, Canature Founder and CEO.
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