M&A Deal Summary

Thrive Foods Acquires Canature

On December 5, 2023, Thrive Foods acquired food company Canature

Acquisition Highlights
  • This is Thrive Foods’ 2nd transaction in the Food sector.
  • This is Thrive Foods’ 1st transaction in Canada.
  • This is Thrive Foods’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-12-05
Target Canature
Sector Food
Buyer(s) Thrive Foods
Deal Type Add-on Acquisition
Advisor(s) KPMG Corporate Finance LLC (Financial)
McMillan
K&L Gates (Legal)

Target

Canature

Langley, British Columbia, Canada
Canature is a producer of freeze-dried pet food and treats offer customers a broader product portfolio and service the growing global demand for freeze-dried pet products. Canature was founded in 2010 and is based in Langley, British Columbia.

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Buyer(S) 1

Buyer

Thrive Foods

Modesto, California, United States
Category Company
Founded 2004
Sector Food
DESCRIPTION

Thrive Foods is a manufacturer of freeze-dried products, including fruits, vegetables, proteins, pet treats, probiotics, enzymes, and prepared meals. Thrive Foods was founded in 2004 and is based in Modesto, California.

DEAL STATS #
Overall 2 of 3
Sector (Food) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 Groneweg Group

Greven, Germany

Groneweg is a manufacturer and supplier offering a broad product suite of freeze and air-dried herbs, vegetables, spices, fruits, seafood, and cheese. Groneweg Group was founded in 1923 and is based in Greven, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Paradise

Klötze, Germany

Paradise is a global freeze dryer of fruits, fruit preparations, yogurts, drops, powders, and granulates. The company supplies its products to the beverage, cereal, snack, bakery, and confectionery markets. Paradise was formed in 1883 and is based in Klötze, Germany.

Buy -
Mergr

Product

Company

Legal