Diving overview:
Dive Insight:
At the time of its listing, Whole Earth Brands’ portfolio included Equal. Whole Earth, a sweetener made primarily from stevia and monk fruit. Since then, the company has acquired Swerve, a keto-focused sugar substitute, and Wholesome Sweeteners, a maker of organic and Fair Trade certified sugar, honey, agave nectar, allulose and other liquid sweeteners. . .
The decision to go private allows Whole Earth to grow its business without the volatility associated with going public or the ongoing supply chain headaches and inflation issues that affect it and other U.S. companies. be able to. In November, Whole Earth reported consolidated product revenue Revenue for the first nine months of the fiscal year was $400 million, roughly flat from the same period last year. Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), a core profitability measure, decreased $3.2 million, or 5.4%, to $55.8 million.
“After a comprehensive review of strategic alternatives, we are pleased to announce this transaction today. We believe we can offer our shareholders the most attractive result in terms of “substantial premiums,” Whole Earth Chairman Irwin Simon said in a statement.
