UK ingredients firm Furest Day Lawson (FDL) has been acquired by Dallas-based private equity firm Highlander Partner in partnership with FDL ceo Mac Mardi for an undisclosed sum.
The company manufactures beverage syrups, flavourings and colours, honey, juices and juice blends.
FDL will continue to operate under its existing operating structure with its current management team, led by Mardi, a former head of global operations for Danisco and a food industry veteran of 25 years.
“We are excited to be working with Highlander Partners, which has a strong track-record of building long-term value for its portfolio companies, with deep, relevant experience in the food ingredient space,” said Mardi.
“With Highlander’s financial, strategic and operational support, we are excited to expand upon our leading market position with a partner who shares in our strategic vision.”