Texas-based private equity firm Highlander Partners has purchased specialty ingredients provider Fuerst Day Lawson Holdings (FDL).
The firm acquired the business in partnership with the company’s chief executive officer Marc Mardi, however financial terms of the deal remain undisclosed.
London-based FDL is a global provider of customised specialty ingredients to the food, beverage, fragrance and chemical industries.
With operations in England, the United States, India and China, he Company offers a range of products, including amino acids, aroma chemicals, beverage syrups, flavorings and colors, honey, juices and seeds, among others.
In connection with Highlander’s investment in FDL, Highlander president Mike Nicolais will join FDL’s board and serve as co-chairman.
Nicolais said, “FDL’s focus on innovation, service and customized solutions have formed a loyal and growing customer base.
“In addition, similar to our other portfolio companies, we intend to supplement organic growth with strategic acquisitions that build on and expand FDL’s existing business and product offerings.”
Last month, Highlander purchased a majority stake in Polish convenience food producer QFG.
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