New England private equity firm buys Australian-style yogurt maker

摘要

Boston-based private equity firm Advent International has acquired Noosa Yoghurt L.L.C., a maker of Australian-style yogurt. Noosa's current management team will remain in place, according to Advent. Terms of the transaction were not announced. "Noosa is a dynamic business with an exciting growth story," said Jeff Case, a managing director with Advent. "The company's management team has done a great job establishing a market in North America for its flavorful yogurt, and we see significant potential to further develop the business by extending its product line, increasing production capacity and expanding geographically." As part of the transaction, Advent has appointed two of its industry advisers to Noosa's board of directors: Bill Johnson, former chief executive officer of Heinz, will serve as chairman, and Brad Alford, former c.e.o. of Nestle USA, also will provide his guidance.