Advent International Completes Acquisition of Sauer Brands

Advent International Completes Acquisition of Sauer Brands

Advent International, a top-tier global private equity investor, has officially declared the acquisition of Sauer Brands Inc., a prominent platform known for its extensive array of condiments and seasonings. This move marks a significant milestone for Advent, reflecting its commitment to investing in high-potential consumer brands. The terms of the deal remain undisclosed, yet the implications for both companies are remarkable.

A Rich Portfolio of Beloved Brands

Sauer Brands boasts a diverse portfolio that includes well-loved brands such as Duke’s Mayonnaise, Mateo’s Gourmet Salsa, and Kernel Season’s. Among these, Duke's Mayo stands out for its impressive growth trajectory, recognized as the fastest-growing player in the mayonnaise segment and a notable name in the center store category. This acquisition underscores Advent’s interest in scaling innovative food brands across markets.

The Vision for Growth

Tricia Glynn, Managing Partner at Advent International, shared her insights on Sauer Brands, emphasizing its rich history of over 135 years and suggesting that the company is just beginning its growth journey. There’s a palpable excitement surrounding Duke’s Mayo, particularly its unique taste profile that continues to resonate with consumers. Advent plans to leverage its extensive experience in expanding consumer brands to drive Sauer Brands’ ambitious growth strategy.

Leadership Perspectives

Todd Lachman, who will serve as the incoming board chair of Sauer Brands, expressed enthusiasm about joining a company that has consistently delighted customers with quality products. He believes that the team at Sauer Brands, known for delivering exceptional performance, will thrive with the backing of Advent. The collaboration aims to sustain and bolster growth, ensuring a bright future for the brand.

Milestones on the Journey

Bill Lovette, the Chief Executive Officer of Sauer Brands, acknowledged the acquisition as a significant milestone in the company’s evolution, lauding the team's consistent excellence in raising industry standards. With Advent’s established track record in the food sector, collective expertise anticipates a promising next chapter for Sauer Brands.

Significance of the Investment

Advent has cultivated considerable expertise in the food and beverage sector, and this acquisition signifies its ongoing enthusiasm in this space. Other prominent investments by Advent in the food sector showcase their ability to identify and support growing brands. They have previously invested in companies like Sovos Brands and Grupo CRM, highlighting their strategic commitment to influential acquisitions.

Expert Advisory Team

Key advisors were instrumental in facilitating this acquisition. Morgan Stanley & Co. LLC acted as the lead financial advisor while McGuireWoods LLP provided essential legal counsel to Sauer Brands. The comprehensive support structure reinforces that both companies are poised for success as they move forward in this partnership.

About Sauer Brands

Founded in 1887, originally as The C.F. Sauer Company, Sauer Brands has established itself as a significant player in the global food industry. With manufacturing facilities strategically located, it produces a full range of flavorful products aimed at delighting customers, including its flagship Duke’s Mayonnaise and many others. The essence of quality and innovation drives the portfolio, fostering loyalty among consumers.

About Advent International

Established in 1984, Advent International is amongst the largest private equity firms globally, overseeing assets exceeding USD $88.8 billion across multiple sectors including consumer goods, healthcare, technology, and more. With a focused approach, the firm partners with diverse management teams, aiming to drive transformative growth aligned with the evolving market dynamics.

About Falfurrias Capital Partners

Falfurrias Capital Partners is recognized for its strategic investments in growing middle-market companies across various sectors. Founded in 2006, the firm emphasizes operational effectiveness, utilizing research-driven processes to identify promising opportunities in the marketplace.

Frequently Asked Questions

What brands are included in Sauer Brands?

Sauer Brands includes major brands like Duke’s Mayonnaise, Mateo’s Gourmet Salsa, and Kernel Season’s.

What is Advent International’s focus in the food sector?

Advent International focuses on investing in growth-oriented consumer brands with significant scaling potential in the food sector.

Who will lead Sauer Brands after the acquisition?

Todd Lachman is set to serve as the incoming board chair of Sauer Brands, bringing valuable experience to the role.

What is the significance of this acquisition?

This acquisition represents a strategic move by Advent International to expand its portfolio by adding a recognized name in the condiments category.

How has Sauer Brands performed historically?

Sauer Brands has consistently performed well, especially with Duke’s Mayo being the fastest-growing brand in its category.

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