M&A Deal Summary

KUA Candy Acquires Impact Confections

On December 10, 2019, KUA Candy acquired food company Impact Confections from Mill City Capital

Acquisition Highlights
  • This is KUA Candy’s 1st transaction in the Food sector.
  • This is KUA Candy’s 1st transaction in the United States.
  • This is KUA Candy’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2019-12-10
Target Impact Confections
Sector Food
Buyer(s) KUA Candy
Sellers(s) Mill City Capital
Deal Type Add-on Acquisition

Target

Impact Confections

Janesville, Wisconsin, United States
Impact Confections, Inc. is a manufacturer and marketer of branded and niche confectionary products such as Warheads branded candy (the leading sour hard candy brand in the U.S.), seasonal chocolate, and confections, interactive kids confections, and 3-D lollipops. Impact Confections was founded in 1981 and is based in Janesville, Wisconsin.

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Buyer(S) 1

Buyer

KUA Candy

Mexico

Category Company
Sector Food
DESCRIPTION

KUA Candy LLC provides a wide range of manufacturing capabilities and expertise in chewy candy, licorice, compressed mints, and more. KUA Candy LLC is based in Mexico City.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

SELLER

Mill City Capital

Wayzata, Minnesota, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Mill City Capital is a private equity firm that makes control investments in lower middle market companies with enterprise values ranging between $15 and $100 million. Mill City concentrates on businesses located in the upper Midwest. Areas of interest include industrial products/services, machinery, distribution, consumer products, and food. Mill City Capital is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 2 of 7
Sector: Food M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Wisconsin M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2019 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 HN Precision

Lake Bluff, Illinois, United States

HN Precision is a manufacturer of precision machined components serving a diverse group of industry-leading original equipment manufacturers across multiple end-markets including heavy trucks, off-highway vehicles, oil and gas, armaments, rail, and general industrial. HN Precision was founded in 1984 and is based in Lake Bluff, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 JMH Premium

Salt Lake City, Utah, United States

JMH International LLC develops and manufactures a broad range of soup bases, sweet and savory flavor bases, stock concentrates, sauces, gravy mixes, dessert preparations, seasoning blends, powdered drink mixes, and dry complete meals. The Company, a leader in developing food flavoring systems, provides custom formulations and culinary solutions to the food industry, selling to customers in the foodservice, ingredient, specialty retail and co-manufacturing channels. JMH International was founded in 1982 and is based in Salt Lake City, Utah.

Sell -