Flavors Holdings, the parent of Mafco Worldwide Corporation, a manufacturer of licorice extract and related derivatives, announced today that it has acquired Merisant Company, a manufacturer and marketer of several of the world's leading tabletop sweeteners, including Equal, Canderel and Pure Via.
Flavors acquired Merisant from its shareholders, including private investment funds managed by Wayzata Investment Partners LLC ("Wayzata"), Merisant's majority shareholder. Flavors is an indirect wholly-owned subsidiary of MacAndrews & Forbes Holdings Inc.
"We are very excited about this acquisition, as Merisant's reputation and offerings in the tabletop sweetener industry will complement Flavors' already significant presence in the ingredients business," said Paul Meister, President of MacAndrews & Forbes Holdings Inc.
Paul Block, CEO of Merisant, said, "We look forward to the many opportunities this combination will bring for Merisant and its employees, and look forward to the combined company's continued growth and success."
