Dive Brief:
- Fuerst Day Lawson Holdings Ltd., a London-based global provider of customized specialty ingredients to the food and beverage sector, among other industries, recently announced it has been acquired by Highlander Partners L.P., a middle market private investment firm.
- FDL, with operations in England, the United States, India, and China, offers the capabilities to serve a global customer base. The company manufactures and supplies beverage syrups, energy and fortification solutions, flavorings and colors, honey, juices and juice blends, among other products.
- Highlander Partners’ experience in the food ingredient space, and through its financial, strategic and operational support, will help the company expand its market position.
Dive Insight:
By working with new ownership, FDL aims to increase its momentum and expand business by better understanding its customers’ needs and "providing differentiation through product innovation and customer service," said Mac Mardi, CEO, FDL, in a statement.
The growth initiatives undertaken by FDL in recent years, and the company’s industry leadership position in the specialty ingredient sector, were attractive to Highlander Partners, which follows a buy and build investment approach to assist companies in growing organically and through acquisitions. Highlander’s food-related industry portfolio consists of Bevolution group, a cold and hot beverage solution provider to the foodservice industry; and Popular Ink LLC, a provider of printed flexible packaging for the consumer products market.
