MBO at Fuerst Day Lawson (“FDL”) sponsored by US Private Equity Firm
Speciality food ingredients distributor Fuerst Day Lawson Holdings Ltd. [“FDL”] (London, United Kingdom), has been acquired by Highlander Partners, L.P. (Dallas, TX, USA). The financial sponsor, a middle market private investment firm, said it is working in partnership with CEO Mac Mardi, who had joined FDL in 2006, after a career with Danisco.
Founded in 1884 as a Trader of “niche commodities”, FDL is global provider of specialty ingredients to the Food, Beverage, Fragrance and Chemical industries, serving a global customer base. From operations in England, the United States, India and China, the company offers a broad range of products, such as Amino Acids, Aroma Chemicals, Beverage Syrups, “Energy and Fortification Solutions, Flavorings and Colours, Honey, Juices and Juice Blends, Preservatives and Acidulants, Seeds and Grains, Sweeteners, and Sweetener Systems. FDL also has activities in trading what it calls “specialised commodities”, such as Castor Oil, Menthol and Mint Oils.
FDL will continue to operate under its existing operating structure with its current management team, led by CEO Mac Mardi, Highlander Partners said in a statement.
No financial details were disclosed on the transaction.
Highlander Partners press release
HGE / DCG – 07.03.2016