Flavor Producers LLC has acquired New York-based Flavormatic Industries Inc., the Valencia flavor company announced Thursday.
Financial terms of the transaction were not disclosed.
Flavor Producers sells flavors for drinks, baked goods, nutrition bars and cereals. The acquisition includes Flavormatic’s flavor library, brands, equipment and customer and supplier lists. Flavor Producers said the acquisition will open new markets including coffee where the company hopes to complement Flavormatic flavors with new organic and natural flavors.
“The acquisition of Flavormatic is consistent with our growth strategy to expand our customer base and broaden our technical capabilities,” Chief Executive Jeff Harris said in a statement.
In December, Flavor Producers recapitalized with an investment from Chicago private equity group GTCR and flavor industry executive Charles Nicolais. In addition to Valencia, the company has manufacturing facilities in Cincinnati and Linden, N.J.