Private-equity firm TA Associates has invested in US popcorn manufacturer SkinnyPop Popcorn.
The deal, on which the companies did not disclose financial details, has also seen the appointment of Tom Ennis to CEO at SkinnyPop. Ennis, who replaces co-founder Andy Friedman as chief executive, was previously CEO of snack manufacturer Oberto Brands.
"We are confident that we have found the right partner in TA Associates," Friedman said. "TA understands growth company investing and we believe they can add significant value and resources to our business. TA will help us further solidify and build on our strong foundation."
Pam Netzky, fellow co-founder of SkinnyPop, added: "We also are excited to have Tom on board. He is a seasoned and well-respected executive in the snacking industry. Tom's experience will augment our historical efforts and we look forward to actively working with him and TA."
A spokesperson would not confirm what share of the business TA Associates held following the investment when approached by just-food.
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By GlobalData