{"id":656497,"date":"2013-05-07T11:17:02","date_gmt":"2013-05-07T15:17:02","guid":{"rendered":"http:\/\/www.pehub.com\/?p=200521"},"modified":"2013-05-07T11:17:02","modified_gmt":"2013-05-07T15:17:02","slug":"pe-backed-demets-candy-sells-truenorth","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/656497","title":{"rendered":"PE-Backed DeMet\u2019s Candy Sells TrueNorth"},"content":{"rendered":"

DeMet\u2019s Candy<\/strong>, a company backed by private equity fund Brynwood Partners V L.P.<\/strong>, has sold the TrueNorth<\/strong> brand to B&G Foods<\/strong>. Terms were not disclosed. The deal closed on May 6.
\n
\nPRESS RELEASE<\/strong>
\nBrynwood Partners V L.P. announced today that its portfolio company, DeMet\u2019s Candy Company, has sold the TrueNorth\u00ae brand and selected assets to B&G Foods, Inc. Terms and conditions of the transaction, which closed yesterday, were not disclosed.
\nTrueNorth is a leader in the better-for-you snack category. TrueNorth is a nationally distributed premium snack nut brand that DeMet\u2019s acquired from Frito-Lay North America, a division of PepsiCo, Inc., in 2010. Under its ownership, DeMet\u2019s introduced new TrueNorth flavor varieties to leading customers in the club, mass and food retail channels.
\n\u201cThe divestiture of the TrueNorth brand allows DeMet\u2019s to focus on its core confectionary products including Turtles chocolate-caramel nut clusters, Flipz chocolate covered pretzels and Treasures filled chocolates,\u201d said Peter Wilson, Vice Chairman of DeMet\u2019s.
\n\u201cWe are pleased to announce the divestiture of TrueNorth,\u201d said Hendrik J. Hartong III, Chairman, DeMet\u2019s and Senior Managing Partner, Brynwood Partners. \u201cWe wish B&G Foods much success with this terrific brand. It has been a pleasure working with the B&G Foods team and we are excited to have completed our first transaction with them.\u201d
\nHoulihan Lokey Capital, Inc. served as the investment banking advisor to DeMet\u2019s.
\nAbout Brynwood Partners:
\nFounded in 1984 and headquartered in Greenwich, CT, Brynwood Partners is an operationally-focused private equity fund that makes control investments in lower middle market companies. Brynwood Partners targets companies operating in the consumer sector where it can leverage the operational expertise of its managing partners to create shareholder value.
\nBrynwood Partners is currently managing over $500 million of private equity capital for its limited partners who include U.S. and international pension funds, fund-of-funds, endowments, high net worth family investment offices and financial institutions. For more information on Brynwood Partners, please visit www.brynwoodpartners.com.
\nAbout DeMet\u2019s Candy Company:
\nFormed in 2007 and majority owned by Brynwood Partners V L.P., DeMet’s is a leading manufacturer and marketer of chocolate confectionary products including Turtles, Flipz and Treasures. Headquartered in Stamford, CT, the company owns manufacturing facilities in Big Flats, NY and Mohnton, PA.<\/p>\n

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DeMet\u2019s Candy, a company backed by private equity fund Brynwood Partners V L.P., has sold the TrueNorth brand to B&G Foods. Terms were not disclosed. The deal closed on May 6. PRESS RELEASE Brynwood Partners V L.P. announced today that its portfolio company, DeMet\u2019s Candy Company, has sold the TrueNorth\u00ae brand and selected assets to […]<\/p>\n","protected":false},"author":7427,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-656497","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/656497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7427"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=656497"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/656497\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=656497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=656497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=656497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}