Cannae Holdings and KDSA to acquire majority stake in The Watkins Company.

Cannae Holdings, an investment firm holding stakes in restaurants and technology-enabled healthcare companies, and KDSA, an investment partnership focused on food and beverage industry, agreed to acquire majority stake in The Watkins Company, a health remedies, baking and flavoring products manufacturer. Financial terms were not disclosed. “We are looking forward to the future with great optimism. This new chapter will allow us to continue to build on our rich legacy while exploring new avenues for growth and innovation. Together with Cannae and KDSA, we will ensure that Watkins remains a leader in the flavoring industry. Guaranteeing that Watkins continues to operate efficiently and effectively while maintaining a steadfast commitment to quality for consumers is our utmost priority,” JR Rigley, Watkins CEO.