M&A Deal Summary

Redwood Holdings Acquires Newly Weds Foods

On October 23, 2023, family office Redwood Holdings acquired food company Newly Weds Foods for 4.0B USD

Acquisition Highlights
  • This is Redwood Holdings’ 1st transaction in the Food sector.
  • This is Redwood Holdings’ largest (disclosed) transaction.
  • This is Redwood Holdings’ 7th transaction in the United States.
  • This is Redwood Holdings’ 1st transaction in Illinois.

M&A Deal Summary
Date 2023-10-23
Target Newly Weds Foods
Sector Food
Buyer(s) Redwood Holdings
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 4.0B USD

Target

Newly Weds Foods

Chicago, Illinois, United States
Newly Weds Foods is a producer of food ingredients. The Company has operations globally including North America, Europe, and Asia. Newly Weds Foods was formed in 1932 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Redwood Holdings

Category Family Office
Founded 2006
Size Large
Type Sector Agnostic
DESCRIPTION

Redwood Capital is the private investment company for Jim Davis, a co-founder of Allegis Group. The Firm looks to acquire majority positions and generally seeks companies with established management in place, opportunities to re-invest earnings, and strong market positions with sustainable competitive advantages. Redwood Capital Investments was formed in 2006 and is based in Hanover, Maryland.

DEAL STATS #
Overall 7 of 7
Sector (Food) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Illinois) 1 of 1
Country (United States) 7 of 7
Year (2023) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Workwear Outfitters

Nashville, Tennessee, United States

Workwear Outfitters is a supplier of work apparel and footwear for diverse occupations. Brands under the Workwear Outfitters umbrella include Red Kap®, Bulwark®, VF Solutions®, Kodiak®, Terra®, Walls®, Liberty®, Work Authority®, Workrite® Fire Service, Chef Designs®, and Horace Small®. Workwear Outfitters is also the exclusive licensee for Dickies® apparel in the B2B channel. Workwear Outfitters is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-25 CWT

Minneapolis, Minnesota, United States

CWT is a global business travel and meetings solutions provider that partners with companies and governments to keep their people connected, in traditional business locations and some of the most remote and inaccessible parts of the globe. CWT is based in Minneapolis, Minnesota.

Sell $570M
Mergr

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