In the news

Thrive Foods Sets Up One of the Largest Freeze Drying Facilities in North America to Further Enhance Capabilities

^{Sep 8, 2022}

Thrive Foods (“Thrive”), a leading manufacturer of freeze-dried products, and a portfolio company of Entrepreneurial Equity Partners and Mubadala Capital, announced today its new plant in Oak Creek, Wisconsin. The 341,000 square foot building is designed to support the fast-growing markets of pet treats and probiotics and will be one of the largest of its kind in North America. This state-of-the-art facility will feature best-in-class freeze dryers providing additional capacity and capability, packaging, and warehousing. It is anticipated that the facility will freeze-dry its first production run in the summer of 2023….

Thrive Foods Invests In Freeze-Dry Foods

^{Aug 22, 2022}

Entrepreneurial Equity Partners (“e2p”), a Chicago-based private equity firm focused on the food and consumer packaged goods industries, and the Private Equity business of Mubadala Capital, the asset management arm of Abu Dhabi-based sovereign investor Mubadala Investment Company, today announced that one of their portfolio companies, Thrive Foods (“Thrive”), has acquired Freeze-Dry Foods (“FDF” or the “Company”) from Cumming Capital. Financial terms of the transaction were not disclosed…

Entrepreneurial Equity Partners and Mubadala Capital Private Equity Invest in Mercer Foods and Thrive Foods

^{Jan 13, 2022}

Entrepreneurial Equity Partners (“e2p”), a Chicago-based private equity firm focused on the food and consumer packaged goods industries, and the Private Equity business of Mubadala Capital, an Abu Dhabi-based asset management subsidiary of Mubadala Investment Company, today announced that they have completed an investment in Mercer Foods (“Mercer”) and Thrive Foods (“Thrive”)…