M&A Deal Summary

Flagstone Foods Acquires Ann s House of Nuts

On November 15, 2010, Flagstone Foods acquired food company Ann s House of Nuts from Olympus Partners

Acquisition Highlights
  • This is Flagstone Foods’ 2nd transaction in the Food sector.
  • This is Flagstone Foods’ 2nd transaction in the United States.
  • This is Flagstone Foods’ 1st transaction in Maryland.

M&A Deal Summary
Date 2010-11-15
Target Ann s House of Nuts
Sector Food
Buyer(s) Flagstone Foods
Sellers(s) Olympus Partners
Deal Type Add-on Acquisition

Target

Ann s House of Nuts

Columbia, Maryland, United States
Ann's House of Nuts is a manufacturer of private label and branded, snack nut and trail mix products to the retail and grocery channels. Ann's House of Nuts was founded in 1973 and is based in Columbia, Maryland.

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Buyer(S) 1

Buyer

Flagstone Foods

Minneapolis, Minnesota, United States
Category Company
Founded 2010
Sector Food
DESCRIPTION

Flagstone Foods is a manufacturer and distributor of private label healthy snacks in North America. Flagstone sources, processes, packages and distributes nuts, trail mixes and other wholesome snacks to premier retail customers across the U.S. Flagstone Foods was founded in 2010 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 3
Sector (Food) 2 of 3
Type (Add-on Acquisition) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 3
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-15 Amport Foods

Minneapolis, Minnesota, United States

Amport Foods is a provider of high-quality private label and branded snack foods, including dried fruits, nuts, trail mixes, and other wholesome snack food products, as well as related processed ingredients. Amport Foods was founded in 1962 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 Emerald Nuts

Charlotte, North Carolina, United States

Emerald Nuts is a manufacturer of snack nuts, culinary nuts, trail mixes and other nut-based snacks. Emerald Nuts is based in Charlotte, North Carolina.

Buy -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 21 of 50
Sector (Food) 1 of 2
Type (Add-on Acquisition) 11 of 24
State (Maryland) 1 of 1
Country (United States) 19 of 47
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-12 Churchill Financial

New York, New York, United States

Churchill Financial is a debt capital provider to middle-market companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-18 K-MAC Enterprises

Fayetteville, Arkansas, United States

K-MAC is a YUM! franchisee, operating over 140 Taco Bell and KFC restaurants in Missouri, Oklahoma, and Texas. The company also operates golden corral restaurant franchises in Missouri. K-MAC Enterprises was founded in 1964 and is based in Fayetteville, Arkansas.

Sell -
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