DeMet's Candy Company, of Stamford, Conn., has completed an acquisition of the TrueNorth nut snack brand from Frito-Lay North America. DeMet's will merge TrueNorth into its existing portfolio of confectionary products.
"DeMet's is pleased to welcome the TrueNorth products to its family of brands," said David D. Clarke, President and CEO of DeMet's. "These high quality, all natural products will provide DeMet's with many new avenues for growth and innovation both in market segments that TrueNorth presently competes in as well as in new ones."
Formed in 2007 and majority owned by Brynwood Partners V L.P., DeMet's is a manufacturer and marketer of chocolate confectionary products including Turtles, Flipz, Treasures and Stixx. The company operates company-owned manufacturing facilities in Big Flats, N.Y. and Mohnton, Penn. For more information on DeMet's, visit www.demetscandy.com.
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