AUA Private Equity Partners, a private equity fund, has announced the acquisition of Weaver Holdings, a leading popcorn producer, for an undisclosed sum.
Founded in 1928 and headquartered in Indiana, Weaver Holdings is described as the leading independent popcorn producer in the United States, offering popping corn, microwave popcorn, and ready-to-eat popcorn under the Pop Weaver brand.
The deal follows the decision by Weaver Holdings to sell its popcorn facilities in Pennsylvania and Indiana to Hershey in April of last year.
Commenting on the deal, Jason Kashman, CEO of Weaver Popcorn Manufacturing, said: “We are thrilled to partner with AUA Private Equity and its phenomenal team, who has a demonstrated history of success in food manufacturing and helping to propel the growth of family-owned businesses. By building on the foundation that the Weaver family put in place, AUA Private Equity will allow us to expand our capabilities operationally and increase the pace of product innovation”.
Source: AUA Private Equity Partners