National Flavors, a flavor investment platform of the Riverside Company, has acquired Bonnie & Don Flavours, a Toronto-based creator of flavors, extracts and essential oils. No financial terms were disclosed. B&D is the third company to become part of Riverside’s platform and the first outside the US.
KALAMAZOO, Mich.–(BUSINESS WIRE)–National Flavors, LLC (NF), a Michigan-based flavor producer, welcomes Bonnie & Don Flavours (B&D), a Canadian-based creator of flavors, extracts, and essential oils, to the Riverside Flavor Platform. B&D’s solid reputation for quality and service in the Canadian market gives the newly formed match-up complementary capabilities to expand flavor solutions to customers throughout North America.
B&D Flavours is the third company to become part of the Riverside platform and the first outside the U.S. “We are excited to continue our growth both organically and through strategic M&A. We are fortunate to have guidance and input from our Flavor & Specialty Ingredient Advisory Board,” said Brian Briggs, Flavor Platform CEO. The advisory board of flavor industry experts provides value-added advice to support Riverside’s inorganic growth strategy. B&D Flavours follows the initial platform acquisition of National Flavors in February and GSB & Associates, which joined the platform in June.
“B&D Flavours has strong cultural and value alignment with National Flavors,” said B&D CEO Don Poole. “Our team’s flavor expertise and knowledge of the Canadian market pair well with NF’s experience in the U.S.”
B&D Flavours will continue offering flavor research, creation, production, and distribution services out of a newly renovated facility in Mississauga, Ontario.
“We’re looking forward to building our partnership with B&D Flavours and continuing to invest in their strong Canadian presence,” said Briggs. “The combination of two great cultures, deep flavor platforms, and local production facilities enables us to provide solutions which help our customers achieve their growth goals.”
About National Flavors
National Flavors challenges the status quo to make flavor sourcing more efficient, effective, and enjoyable, helping customers achieve growth goals. The Company is an innovative developer and supplier of delicious liquid flavors for food and beverage industry applications, serving manufacturers, franchises, and foodservice. NF is a solution partner with industry-leading customer service and unique tools that get products to market faster. NF combined forces with GSB Flavor Creators in June, expanding capabilities to help customers solve their flavor challenges.
About Bonnie & Don
Founded in 1998, Bonnie & Don Flavours Inc. is a Canadian-based creator and manufacturer of high-quality Natural Flavours, Extracts, Essential Oils & Emulsion Systems. The Company’s uniquely formulated flavours are in Dairy, Beverage, Sweet Goods, Confectionery, Savory, Oral, and Pharma/Nutraceutical applications in North America and worldwide.
About The Riverside Company
The Riverside Company is a global private equity firm focused on investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has made more than 650 investments. The firm’s international private equity and structured capital portfolios include more than 110 companies.