Private equity firm Brynwood Partners has announced the acquisition of the Marie’s and Dean’s Dip brands from Ventura Foods via its newly-formed portfolio company West Madison Foods.
Marie’s is a brand of salad dressings, dips and spreads, and is said to have a strong position in the refrigerated salad dressing space. Dean’s Dip is described as being universally known for its French Onion, Ranch and Guacamole dips.
West Madison Foods will be headquartered in Chicago. A manufacturing plant in Thornton (IL) is also part of the deal.
Commenting on the acquisition, Brynwood Partners chairman and CEO Henk Hartong III said: “Dean’s and Marie’s are extraordinary brands, and we are delighted to lead these brands into their next phase of growth and expansion. We look forward to partnering with the team in Thornton to enhance manufacturing and bring more products and new innovations to market. We thank the Ventura Foods team for being a great partner in the transaction”.
Terms and conditions of the deal have not been disclosed.
Source: Brynwood Partners