Food and Beverage Business

AUA Private Equity Partners acquires Weaver Popcorn

AUA Private Equity Partners acquires Weaver Popcorn Savoury Snacks Food and Beverage Business

Weaver Popcorn Manufacturing has been acquired by US-based AUA Private Equity Partners. The financial terms of the deal were not disclosed. AUA Private Equity plans to support the expansion of the company’s assets and employee base. Mike Tracy and Ted Schouten have been brought in to sit on Weaver Popcorn’s board to help oversee the investment and augment governance.

Weaver Popcorn was founded in 1928 by Ira Weaver and sells popcorn and snacks under the Pop Weaver brand, serving more than 90 international markets. The company’s CEO, Jason Kashman, expressed confidence in the acquisition, stating that it will allow them to expand their operational capabilities and increase the pace of product innovation.

Following the acquisition, AUA Private Equity will focus on operational upside by supporting the team with capital and resources while preserving Weaver Popcorn Manufacturing’s culture. In addition, Hershey acquired two popcorn manufacturing plants from Weaver Popcorn last year, aiming to strengthen its SkinnyPop popcorn brand offering, which more than half of which was already co-manufactured by Weaver.

AUA Private Equity typically makes equity investments of $40m to $100m in companies that generate more than $10m in EBITDA. The acquisition is expected to benefit the customers and associates at Weaver and continue the company’s ongoing success. For more comprehensive company profiles, visit the official GlobalData store for access to valuable resources and competitive edge in the food and beverage industry.

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