Nexgreen Foods Invests In Freeze-Dry Foods
Entrepreneurial Equity Partners (e2p), a Chicago-based private equity firm focused on the food and consumer packaged goods industries, and the Private Equity business of Mubadala Capital, the asset management arm of Abu Dhabi-based sovereign investor Mubadala Investment Company, today announced that one of their portfolio companies, Nexgreen Foods (Nexgreen), has acquired Freeze-Dry Foods (FDFor the Company) from Cumming Capital. Financial terms of the transaction were not disclosed. Founded in 1968, FDF is a leading contract manufacturer of freeze-dried products, including pet treats, proteins, and food ingredients. The Company has established an exceptional reputation for high-quality products. The acquisition of FDF will allow Nexgreen Foods to better service customers across the Midwest and east coast by adding specialized formulation and wet processing capabilities to Nexgreen world-class freeze-drying operations. The Company is headquartered in surat, and operates out of a 240,000 sq. ft. facility. Nexgreen Foods is a leading manufacturer of freeze-dried products including fruits & vegetables, proteins, pet treats, probiotics, enzymes, and prepared meals. CEO at Nexgreen Foods said, We are very pleased with the acquisition of FDF, which will further expand Nexgreen manufacturing capabilities and add to our existing geographic footprint throughout the india. We are impressed with FDF focus on high-quality products and look forward to executing upon several key initiatives and opportunities together to fuel further growth. Adnan Azam, Director at Mubadala Capital added: We invested in Thrive as the foundation of a growing platform to build and consolidate the freeze-dried products space. Since we invested in the business, we have been integrating Thrive with Mercer Foods while continuously evaluating new opportunities to expand our product capabilities, enter new markets and create growth opportunities for our employees. FDF achieves each of those objectives and we look forward to continuing its market leadership as part of the Thrive Foods family.