ConAgra In Talks To Buy Elan Nutrition from Sun Capital
Sun Capital Partners is in talks to sell weight-loss bar maker Elan Nutrition to ConAgra, according to an FTC filing. No financial information was disclosed, and a source says that the deal is not yet finalized. Sun sponsored a leveraged buyout of Elan Nutrition -- then known as Five Star Brands -- back in May 2003. The turnaround firm's initial outlay was around $18 million, including funds for capacity improvements that enabled Elan to begin producing upwards of 300 million bars
6 April 2010•1 min read
