Legacy Candy Company
With the Sprezzatura Capital, LLC we're searching for a decades-old CPG Company in the U.S. Confectionery Market.
Legacy Brand With A Sweet Future
Target Criteria
General
- Company founded in the 1990s or earlier
- Strong middle management
- Owned manufacturing with capacity for growth
- Low customer concentration
Product & Brand
- Strong legacy brand(s)
- Regionally iconic
- Unique products with a dedicated fanbase
- Net Promoter Score 30+
Performance
- Above-category-average sales velocity (core product lines)
- Above-category-average gross margins (core product lines)
- Annual EBITDA $3M+
- Steady sales growth (last 5 years)
- Resiliency across economic cycles