Wholesome
Holdings and Brazos Private Equity Partners announced
today the acquisition of Impact Confections Inc.
1/14/08:
Wholesome Holdings
and Brazos Private Equity Partners announced today
the acquisition of Impact Confections Inc. and its
subsidiary Melster Candies Inc. Wholesome Holdings
Chairman Terry O’Brien, formerly CEO at Brachs
Confections, will serve as Chairman and work actively
with Founder Brad Baker and the management team to
maximize the Company’s potential.
Commenting on the
acquisition, O’Brien noted “The team at
Impact has worked hard to establish relatively strong
niche positions in sour candy and chocolate covered
seasonal candy. The challenge now is to solidify both
positions via smart marketing, increased sales activity
and focused manufacturing strategies. We like the
confections space and will continue to look for further
add on acquisitions.”
Impact is headquartered
in Colorado Springs, CO and operates plants in New
Mexico and Wisconsin. The company is best known for
its Warheads brand of extreme sour candy that teens
and tweens have loved for 20 years. On the Melster
Candies side, nationally the company holds the #1
position in circus peanuts and the #2 position behind
Russell Stover in the chocolate covered marshmallow
segment.
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