Second Nature Brands acquires Brownie Brittle
Founded in 2012, Brownie Brittle is a category-defining brownie snack brand whose unique combination of rich flavour and thin, crunchy texture appeals strongly to growing consumer demand for premium permissibly indulgent snacks.
Brownie Brittle also boasts an expanding roster of retail relationships across the US on all formats and merchandising positions, including club stores, grocery, mass market retailers, convenience stores, specialty retail and airlines.
With a heritage spanning over 140 years, Second Nature Brands, owned by CapVest, is a leader in the fast-growing snacks and treats market, focusing on the nutritional and lifestyle needs of health-conscious consumers.
Commenting on the deal, Victor Mehren, CEO of Second Nature Brands, said: “We have ambitious plans to become a US leader in snacks and treats and the acquisition of Brownie Brittle is an exciting step on this journey, which expands our presence into baking and unlocks a new growth stream for us.
“It also marks our first acquisition since being acquired by our majority investor CapVest, showing how with their support we intend to grow and develop Second Nature Brands through continued investment in the brand, channel & category expansion, as well as continued focus on product quality.”
Jan Grywczynski, CEO of Brownie Brittle, added: “This announcement is a very positive reflection on our business, our people and the strength of the Brownie Brittle brand.
“Second Nature Brands was attracted by the incredible growth that Brownie Brittle has demonstrated historically, as well as strong brand value and great product quality.
“We are very excited about this new chapter for Brownie Brittle, as part of the Second Nature Brands family, and look forward to working with Victor and the rest of the Second Nature team to accelerate our growth as a leader in thin, sweet, permissibly indulgent snacking.”
The terms of the transaction are not being disclosed.