Fini backs PE takeover of US candy firm YumEarth

Private-equity firm Acon Investments has bought a controlling stake in US confectionery company YumEarth.

In a statement yesterday (30 June), Acon said the transaction was backed by Spain-based confectioner The Fini Company as a "strategic industry partner".

Fini has acquired an unspecified stake in YumEarth. The financial terms of the deal were not disclosed.

Acon and Fini have bought YumEarth from US investment firm The Riverside Company.

Founded in 2007, YumEarth sells organic confectionery. Its products were described in the statement as containing "no artificial dyes or high-fructose corn syrup" and free from gluten and "top nine allergens".

The company's product range includes gummies and chewy candy, lollipops, fruit snacks and sour products. The firm sells online and through around 30,000 retail outlets, including Target, Whole Foods and Walmart.

Fini CEO Manolo Sánchez said: "YumEarth is an exceptional brand with a strong purpose, high-quality products and meaningful growth potential."

Anjali Jolly, managing partner at Acon, said YumEarth had "a differentiated brand with a loyal consumer following at the intersection of several powerful consumer trends".

She added:

Fuente original: Yahoo Finance (https://finance.yahoo.com/small-business/articles/fini-backs-pe-takeover-us-121845826.html)