M&A Deal Summary

Mafco Worldwide Acquires The Merisant

On October 3, 2014, Mafco Worldwide acquired food company The Merisant from Wayzata Investment Partners

Acquisition Highlights
  • This is Mafco Worldwide’s 1st transaction in the Food sector.
  • This is Mafco Worldwide’s 1st transaction in the United States.
  • This is Mafco Worldwide’s 1st transaction in Illinois.

M&A Deal Summary
Date 2014-10-03
Target The Merisant
Sector Food
Buyer(s) Mafco Worldwide
Sellers(s) Wayzata Investment Partners
Deal Type Add-on Acquisition

Target

The Merisant

Chicago, Illinois, United States
website
Merisant is one of the largest global players in the high-intensity tabletop sugar substitute market, managing 19 brands, including Equal and NutraSweet, sold in over 100 countries.

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Buyer(S) 1

Buyer

Mafco Worldwide

Camden, New Jersey, United States

website

Category Company
Sector Consumer Products
DESCRIPTION

Mafco Worldwide has been the world leader in quality licorice products since 1850. The Company specializes in manufacturing licorice extract and related derivatives for use as flavoring and moistening agents in various consumer products, including candies, pharmaceuticals and tobacco products. Its primary brand of sweetening and flavor-extending products is Magnasweet. Mafco Worldwide also markets Right Dress, a gardening mulch, as well as other flavor and plant products, including natural roots, spices and botanicals.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

Wayzata Investment Partners

Plymouth, Minnesota, United States

Investor

website

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Wayzata Investment Partners is a private equity group focused on acquiring controlling interests in companies through distressed debt investing. The Firm targets companies valued between $100 million and $1 billion. Wayzata was formed in 2004 and is based in Wayzata, Minnesota.

DEAL STATS #
Overall 14 of 22
Sector (Food) 1 of 1
Type (Add-on Acquisition) 8 of 12
State (Illinois) 5 of 6
Country (United States) 14 of 22
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Grede

Southfield, Michigan, United States

Grede is a producer of engineered iron castings to the automotive, medium and heavy truck, and industrial markets. Grede supplies a broad variety of ductile, gray, and high silicon moly iron castings to a diverse customer base. The company’s products include safety-critical chassis, suspension, and drivetrain components for automotive applications, highly engineered engine and chassis components for heavy-duty truck engines, and large axle housings and other drive train components for heavy equipment and agriculture markets. Grede was founded in 1920 and is based in Southfield, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 MasterCraft

Vonore, Tennessee, United States

MasterCraft is a manufacturer of premium inboard “sport boats” used for waterskiing, wakeboarding and general recreation. MasterCraft was founded in 1968 and is based in Vonore, Tennessee.

Sell -
Mergr

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