Permira to acquire Medora Snacks, Ideal Snacks Holding
Permira, an international private equity firm, has announced that a company backed by the Permira funds has signed definitive agreements to simultaneously acquire Medora Snacks, LLC, Middletown, NY, and Ideal Snacks Holding Corp., Liberty, NY. Terms of the transaction, which is expected to close in the third quarter of 2015, were not disclosed.
Medora manufactures branded better-for-you snacks, including PopCorners, PopCorners Whole Grain, Pop Crinkles and popped bean chips. Ideal is a contract manufacturer of better-for-you diversified popped snacks.