Golden Boy Sold
Fund IV announces the sale of Golden Boy Foods Ltd. (“Golden Boy”) to Post Holdings for $320 million. Golden Boy is a leading Canadian manufacturer, marketer and distributor of more than 400 private label and branded food products, including peanut butter, baking nuts, snacking nuts, trail mixes, raisins and dried fruits.
Fund IV acquired Golden Boy in July 2007. Following the fund’s original investment, Golden Boy acquired competitors Matthew McAvan in 2007 and Nutco in 2010. These acquisitions grew Golden Boy’s peanut butter (conventional and organic) business significantly, solidified Golden Boy as the Canadian market leader in private label peanut butter, and created a strong platform for further entry into the U.S. market.