Novacap to sell Multibar to Kohlberg's Nellson Nutraceutical

Nellson Nutraceutical LLC, a portfolio company of U.S. private equity firm Kohlberg & Co, has agreed to buy Le Groupe Multibar Inc, a manufacturer of nutritional and snack bars based in Montréal. The financial terms of the transaction were not published. The seller is Canadian private equity firm Novacap, which has invested in Multibar since 2003. Nellson, a U.S. manufacturer of nutritional bar and powder products, said the acquisition will increase its production capabilities, expand its product lines, and diversify its customer mix. The deal is expected to close within 60 days. In October, Novacap raised $300 million in the first close of Novacap Industries IV LP, and re-invested in Knowlton Development Corp (KDC).

DealsCanadaNorth AmericaBriefs