Leading freeze-dried food manufacturer achieves strategic expansion

Deal Flash

Thrive Freeze Dry, an Entrepreneurial Equity Partners and Mubadala Capital portfolio company, has acquired Paradiesfrucht GmbH.

Paradiesfrucht is well-known for its high-quality freeze-dried products, standing as a pioneer and innovator in the industry. With state-of-the-art production facilities, the company offers a diverse range of freeze-dried fruit products, securing a notable position in the European market. Beyond product quality, Paradiesfrucht’s commitment to sustainability and environmental friendliness sets it apart. The company’s product range includes freeze-dried fruits, snacks and specialized food ingredients.

Thrive Freeze Dry, a leading manufacturer of freeze-dried products, operates globally with facilities in the US, Canada, Germany and Peru, and is recognized for its technical expertise and flexible manufacturing solutions tailored to customers’ needs. The company produces a wide range of freeze-dried products including fruits, vegetables, proteins, candies, pet treats, probiotics, enzymes and prepared meals.

The successful acquisition by Thrive represents a pivotal moment in Paradiesfrucht’s history. This strategic partnership not only unlocks new pathways for growth but also allows us to bring our freeze-dried products to a broader European and international market. We are confident that the synergies between Paradiesfrucht and Thrive will lead to sustained success. Both Dr. Andreas Behr and the Oaklins team in Germany have been indispensable partners throughout the entire process. With their exceptional dedication, the team has played a vital role in navigating the complexities of this deal. We deeply appreciate their strategic guidance and substantial operational support. KURT JAHNCKE, SHAREHOLDER, PARADIESFRUCHT GMBH

Oaklins' role in facilitating the deal was vital to its success

Oaklins Germany acted as the exclusive sell-side M&A advisor to the shareholders of Paradiesfrucht GmbH. The shareholders were initially approached by Thrive from the US, and, recognizing the complexities and potential challenges of such a sales process, they decided to engage Oaklins in addition to their legal and tax advisors.

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