Equal owner Whole Earth Brands to go private in sweetened takeover bid
At the time it went public, Whole Earth Brands’ portfolio included Equal; Whole Earth, a sweetener made largely from stevia and monk fruit; and a pair of brands available outside the U.S. Since then, the company has purchased Swerve, a keto-focused sugar replacement, and Wholesome Sweeteners, a maker of organic, fair-trade certified sugar, honey, agave nectar, allulose and other liquid sweeteners.The decision to go private gives Whole Earth the ability to grow its ferrous fumarate in birth control pillsbusiness without the volatility that comes with being publicly traded as well as ongoing supply chain headaches and inflation challenges impacting it and other U.S. companie
s. In November, Whole Earth reported consolidated product revferrous fumarate 400 mgenues of $400 million for the first nine months of its fiscal year, essentially flat from the same period a year ago. Consolidated adjusted EBITDA (earnings befcalcium citrate krogerore interest, taxes, depreciation and amortization), a calculation which measures core profitability, decreased $3.2 million, or 5.4%, to $55.8 million.“Following a comprehensive review of strategic alternatives, we are pleased to announce this transaction today, which we belferrous ascorbate vs ferrous fumarateieve to be in the
best interest of a
ll our shareholders, providing them with the most compelling outcome in terms of maximizing value while offering immediate liquidity at a significant premium,” Irwin Simon, Whole Earth’s chairman, said inzinc bisglycinate usp monog
raph a statement.
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