Thrive Foods, a manufacturer of freeze-dried fruits & vegetables, proteins, pet treats, probiotics, enzymes, and prepared meals and portfolio company of Entrepreneurial Equity Partners and Mubadala Capital, has acquired Freeze-Dry Foods from Cumming Capital.
FDF is a contract manufacturer of freeze-dried products including food ingredients, proteins, and pet treats. The deal is intended to allow Thrive to better serve its clients and added formulation and wet processing offerings to Thrive’s freeze-dry operations.
“We are very pleased with the acquisition of FDF, which will further expand Thrive’s manufacturing capabilities and add to our existing geographic footprint throughout the United States,” says Steve Palmer, CEO at Thrive Foods. “We are impressed with FDF’s focus on high-quality products and look forward to executing upon several key initiatives and opportunities together to fuel further growth.”