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M&A Deal Summary

Thrive Foods Acquires Paradise

On April 9, 2024, Thrive Foods acquired food company Paradise

Acquisition Highlights
  • This is Thrive Foods’ 3rd transaction in the Food sector.
  • This is Thrive Foods’ 2nd transaction in Germany.

M&A Deal Summary
Date 2024-04-09
Target Paradise
Sector Food
Buyer(s) Thrive Foods
Deal Type Add-on Acquisition
Advisor(s) Oaklins (Financial)
Busing Muffelmann & Theye (Legal)

Target

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.

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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 3 of 3
Sector: Food M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Germany M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 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.

Buy -
Mergr

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