Apheon to acquire Cain Foods.

Apheon, a pan-European private equity investor, agreed to acquire Cain Foods, a manufacturer of clean label ingredients and custom mixes to commercial bakeries. Financial terms were not disclosed. “We are thrilled to join forces with Millbio and Apheon. The alignment across our values, product philosophies, and commitment to technical excellence is strong. Together, we will be able to serve customers more effectively and uniquely position ourselves in the market as a fully integrated global partner for clean-label baking solutions,” Tom McCurry, Cain Foods CEO and shareholder.