Houlihan Lokey served as TruFood's financial advisor.
Houlihan Lokey has announced that TruFood Manufacturing (TruFood), a portfolio company of AUA Private Equity Partners, LLC, has been acquired by Mubadala Capital, the global asset management firm and a wholly owned subsidiary of Mubadala Investment Company, a sovereign investor with a $284 billion portfolio. Financial details of the transaction were not disclosed.
Headquartered in Pittsburgh, TruFood is a formulator and manufacturer of a full range of products, including nutrition bars, protein bars, chocolate molded products, and baked nutrition. Its customer base comprises premier consumer packaged goods companies and retailers across the United States. The acquisition is expected to deliver significant value to TruFood’s stakeholders, including its existing customers and employees, while bolstering the company’s competitive advantage, increasing its market reach, advancing product development, and accelerating long-term growth.