Deals
Advent Reaches Deal for Duke’s Mayo Owner Sauer Brands
- Transaction said to value Sauer Brands at about $1.5 billion
- Deal adds to buyout firm Advent’s portfolio of food brands
Duke’s Mayonnaise
Photographer: Michael Tercha/Chicago Tribune/Getty ImagesThis article is for subscribers only.
Buyout firm Advent International has agreed to acquire Sauer Brands Inc., the owner of the Duke’s mayonnaise brand, from Falfurrias Capital Partners.
Terms of the deal weren’t disclosed in a statement Monday, which confirmed an earlier report by Bloomberg News. The transaction values Sauer Brands at about $1.5 billion, according to people familiar with the matter who asked not to be identified because the details were confidential.