US bone broths and soups maker NaturPak is changing hands, with private-equity owner Trivest selling to another buy-out house, PPC.
The financial details of the deal have not been made public.
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NaturPak, which is headquartered in Wisconsin, produces bone broths, soups and sauces, as well as wet pet-food and related ingredients. It supplies products in multiple formats.
Chris Trick, investment partner at PPC, said: “NaturPak’s position at the forefront of consumer trends and impressive customer relationships, including several of the country’s largest retailers and most prominent consumer brands, provide an exciting foundation.”
PPC added it is investing alongside NaturPak’s leadership team, including chief executive Aaron Jackson, who will remain in his role following the transaction.
Jackson expressed confidence that joining PPC is the “right next step for us as we explore organic and acquisition growth opportunities, innovate for our customers, and take NaturPak to new heights”.
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By GlobalDataTrivest first invested in NaturPak in 2020, taking a minority stake.
In a separate statement, Trivest said NaturPak has undergone a “significant transformation” since its founding in 2007, evolving from a smaller specialist contract manufacturer into a larger, multi-category platform.
PPC said it intends to back NaturPak’s strategy to “continue driving growth through investing in product development and R&D, expanding its capabilities in bone-broth, pet products and other high-growth ingredient segments, and introducing new packaging format options for its products”.
The acquisition adds to PPC’s portfolio in the food and beverage industries.
Its other investments in the category include Bardstown Bourbon Company, bakery group CH Guenther, Monogram Foods and Sugar Foods.
