Affiliate of Sun Capital Partners, Inc. Sells Elan
Nutrition, Private Label Manufacturer of
Nutrition Food Bars, to ConAgra Foods
April 12, 2010 04:43 PM Eastern Daylight Time
BOCA RATON, Fla.--(EON: Enhanced Online News)--Sun Capital Partners, Inc. (“Sun Capital”), a private
investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that
one of its affiliated portfolio companies, Elan Nutrition, has been purchased by ConAgra Foods, Inc., NYSE: CAG,
one of North America's leading food companies.
Headquartered in Grand Rapids, Mich., Elan Nutrition is a market leading contract developer and manufacturer of
nutritional bars serving the health and wellness, meal replacement, sports nutrition, energy bar, and nutraceuticals
markets. Elan Nutrition operates a 230,000 square foot facility in Grand Rapids where it manufactures some of the
most well known nutrition bars in the industry.
Matthew Garff, Managing Director at Sun Capital, said, “We are very pleased with Elan Nutrition’s growth
trajectory since acquiring the business in May 2003, and greatly enjoyed working with its capable management team
to develop the Company into the market leader it is today. Elan was successful in expanding its customer base, in
part due to a creative product development team, and combining that growth with carefully monitoring and improving
their production efficiency. As a result of these focused efforts, since 2003, company revenues have more than
doubled, with an even more impressive EBITDA expansion.”
Sun Capital Partners brings deep operational expertise and industry experience to developing companies in the food
and beverage sectors, including such companies as CanGro Foods, Creekstone Farms Premium Beef, and Sunrise
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other
investments in companies that can benefit from its in-hou