Food acquisition news : Highlander Partners has acquired substantially all the assets of US candy company Queen City Candy (QCC) for an undisclosed price through its subsidiary Bettera Brands.

Based in Greendale, Indiana, Queen City Candy manufactures gummy confection products and it marks the continued acquisitions of the Dallas-based private investment firm in the confectionery industry.

Currently, Queen City Candy makes gummies, jellies and fruit snacks which include both pectin and gelatin-based products.

Highlander Partners said that Queen City Candy, which has been in business for around 35 years, had expanded into a modern production facility with a newly-installed high-speed mogul and robust drying capabilities three years ago.

Commenting on Highlander acquisition of Queen City Candy, Jeff L. Hull – President and Managing Partner of the private investment firm, said: “We believe that with Highlander’s resources and in collaboration with Bettera Brands, another Highlander portfolio company, QCC will be able to expand its product offerings and enter new markets, further accelerating the Company’s growth.

“QCC’s capabilities extend beyond regular confection products, and we believe that we can capitalize on the industry trends and the uniqueness of the Company’s assets while pursuing gummy vitamin and other confection and wellness strategies over the next few years.”

Recently, Highlander Partners acquired the trademark portfolio of ten iconic confection brands from Finnish food packaging company Huhtamaki.

In April 2017, Highlander Partners announced the formation of Bettera Brands and acquired Gimbal Brothers, a manufacturer of gummy vitamins and gourmet jelly beans. It had also acquired Hillside Candy, a manufacturer of organic, sugar-free and nutraceutical confections.

Alex Guiva – Partner at Highlander Partners, commenting on Highlander acquisition of Queen City Candy, said: “We have been very active; this is Highlander’s fourth investment in the confection space in the last two years and this is our third food deal this year.

“Having closed more than twenty transactions in the food space, we remain fully committed to the food and beverage categories, both finished consumer products and ingredients, and we continue seeking high-quality food businesses that have a strong market position, differentiated offerings and compelling growth opportunities.”

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  Alex Guiva, Bettera Brands, Confectionery industry news, Food acquisition news, Highlander Partners, Jeff L. Hull, Queen City Candy, USA