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United States : PE firm TA Associates spend in Skinnypop

August 23, 2014

Private-equity firm TA Associates has spend in US popcorn manufacturer Skinnypop Popcorn.

The deal, on which the companies did not reveal financial particulars, has also seen the selection of Tom Ennis to CEO at Skinnypop. Ennis, who replaces co-founder Andy Friedman as chief executive, was earlier CEO of snack manufacturer Oberto Brands.

Friedman said, "We are confident that we have found the right partner in TA Associates . "TA understands growth company investing and we believe they can add significant value and resources to our business. TA will help us further solidify and build on our strong foundation."

Pam Netzky, fellow co-founder of SkinnyPop, added: "We also are excited to have Tom on board. He is a seasoned and well-respected executive in the snacking industry. Tom's experience will augment our historical efforts and we look forward to actively working with him and TA."

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Source: TendersInfo (India)

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