M&A Deal Summary

Second Nature Brands Acquires Sanders Candy

On October 24, 2018, Second Nature Brands acquired food company Sanders Candy

Acquisition Highlights
  • This is Second Nature Brands’ 1st transaction in the Food sector.
  • This is Second Nature Brands’ 1st transaction in the United States.
  • This is Second Nature Brands’ 1st transaction in Michigan.

M&A Deal Summary

Date 2018-10-24
Target Sanders Candy
Sector Food
Buyer(s) Second Nature Brands
Deal Type Add-on Acquisition
Advisor(s) KPMG Corporate Finance LLC (Financial)
Giarmarco, Mullins & Horton (Legal)

Target

Sanders Candy

Clinton Township, Michigan, United States
Morley Candy Makers, Inc. is a maker of premium confectionary products sold under the Sanders Fine Chocolatiers® brand. Today, Sanders has grown into a nationally recognized producer of premium confections, artisanal chocolates, baked goods, dessert toppings and ice cream. Sanders® products are currently sold in leading retailers nationally. It also operates eight Sanders Chocolate & Ice Cream Shoppes in Metro Detroit, Mackinac City, and Mackinac Island.

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Buyer(S) 1

Buyer

Second Nature Brands

Madison Heights, Michigan, United States

Category Company
Sector Food
DESCRIPTION

Second Nature Brands is a creator of snacks and treats that make lives better, naturally. By investing in new product development, thoughtful ingredient sourcing, and innovative business processes, Second Nature Brands is reimagining premium and better-for-you snacks and treats. Under its growing family of brands, Kar's Nuts, Second Nature Snacks, and Sanders Chocolates, Second Nature Brands has an extensive distribution network across the United States and a growing direct-to-consumer eCommerce presence. Second Nature Brands is based in Madison Heights, Michigan.


DEAL STATS #
Overall 1 of 4
Sector (Food) 1 of 4
Type (Add-on Acquisition) 1 of 2
State (Michigan) 1 of 1
Country (United States) 1 of 3
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 Brownie Brittle

West Palm Beach, Florida, United States

Brownie Brittle sells baking and innovative brownie products across club stores, grocery, mass market retailers, convenience stores, specialty retail, and airlines. Its snacks are available in tens of thousands of stores in the US, Canada, Mexico, Korea, Japan, Australia, and the Caribbean. Brownie Brittle was formed in 1992 and is based in West Palm Beach, Florida.

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