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Friday, December 15, 2017
 Milk Specialties Global Announces Acquisition by American Securities  

Milk Specialties Global, a leading human and animal nutrition company based in Eden Prairie, Minn., announced that its management team has partnered with an affiliate of American Securities LLC, a leading U.S. private equity firm, to acquire the company from Kainos Capital, which acquired Milk Specialties in 2011. 

 

Founded in 1949, Milk Specialties is a leading human and animal nutrition company.  The Company's Human Nutrition Business Unit is a leading manufacturer of whey and milk protein ingredients used primarily in the sports nutrition and function food end-markets.  The Company's Animal Nutrition Business Unit is a leading provider of science-based products to the dairy industry.


Dave Lenzmeier, CEO of Milk Specialties, commented, "Milk Specialties has a strong history of growth in an exciting market. Demand for protein has soared driven by global population growth and interest in healthy lifestyles. We are excited about our new partnership with American Securities to support our growth goals in this expanding market."


"Every individual at Milk Specialties plays an important role, from operators who focus on producing the highest quality products to the executive leadership team," stated Eddie Wells, President of Milk Specialties. "We are excited to match our dedicated and talented team with the resources of American Securities, and together focus on the goals we set to achieve."  


"We are pleased to partner with Dave Lenzmeier, Eddie Wells and the rest of the Milk Specialties management team," said David Horing, a Managing Director of American Securities. "We are excited about the company's leading positions in the rapidly growing dairy protein and animal nutrition markets. The Company's commitment to product innovation, combined with its experienced and customer-focused management team, positions Milk Specialties for a strong future as a market leader. We look forward to bringing our resources to bear to support Dave, Eddie and their team for Milk Specialties' continued success."


Milk Specialties will maintain its headquarters in Eden Prairie, Minnesota. Executives and senior leaders, as well as its more than 700 employees, will remain in place to take the business to the next level of growth.


The proposed transaction is subject to the satisfaction of closing conditions. The transaction is expected to close later in the year.

 

Source: PR Newswire


Posted on Tuesday, June 28, 2016 (Archive on Tuesday, July 05, 2016)
Posted by bholcomb@adpi.org  Contributed by bholcomb@adpi.org
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