, a US-based private equity firm, has inked an agreement to divest its investment in DeMet's Candy to Yildiz Holdings for $221m.DeMet's Candy manufactures and markets premium priced chocolate confection products under the Turtles, Treasures, and Flipz brands.
It employs around 200 people and operates two manufacturing facilities in the US.
The company has acquired all of the DeMet's brands from Nestlé USA in separate transactions.
Brynwood Partners senior managing partner and DeMet's Candy chairman Hendrik Hartong said that this investment highlights Brynwood Partners' unique operational capabilities in the private equity sector.
"We are grateful to DeMet's Candy's management team and all of the hard working employees in the manufacturing plants for their tireless efforts under our ownership. We wish Yildiz success with this outstanding company," he added
Yildiz Holding produces a range of products, including biscuits, chocolate and chocolate-covered products, margarine and edible oils, beverages, dairy products, culinary products, and baby food.
