Add-on Acquisition • Food

Thrive Foods Acquires Paradise

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

Acquisition Context

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

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M&A Deal Summary
Date	April 9, 2024
Target	Paradise
Sector	Food
Buyer(s)	Thrive Foods
Deal Type	Add-on Acquisition
Advisor(s)	Oaklins (Financial) Busing Muffelmann & Theye (Legal)

Target Company

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 Overview 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 Context for Buyer	#
Overall	3 of 3
Sector: Food	3 of 3
Type: Add-on Acquisition	3 of 3
Country: Germany	2 of 2
Year: 2024	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	-

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

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