Mubadala Capital Portfolio Company TruFood Manufacturing to Combine with Bar Bakers [Yahoo! Finance]
Houlihan Lokey, Inc. Class A (HLI)
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Source: Yahoo! Finance
NEW YORK & PITTSBURGH & LOS ALAMITOS, Calif. & ABU DHABI, United Arab Emirates, May 03, 2024 BUSINESS WIRE )--TruFood Manufacturing, a leading U.S. contract manufacturer specializing in better-for-you nutrition bars, chocolate and baked granola, today announced the successful completion of its combination with Bar Bakers, LLC ("Bar Bakers"), a prominent player in nutritional snacks manufacturing. The union of these two leading companies is expected to create a scaled industry player with a significant footprint across product categories and geographies. Although the financial specifics remain private, investment firm Manna Tree has joined Mubadala Capital in supporting this venture. TruFood's Chief Executive Officer, Michael Buick, will oversee the combined company. Harold Rothman, Founder and CEO of Bar Bakers, will join the new company's Board of Directors, while Gary Jacobs, President of Bar Bakers, will become its Chief Operating Officer. Commenting on the transaction, Buick
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HLI
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- 5/8/24 - Beat
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- 5/17/24 - Form 4
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- 5/17/24 - Form 4
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