NovaTaste has acquired McClancy Foods & Flavors (McClancy), a US-based provider of custom dry ingredient solutions for food service and industrial customers, for an undisclosed sum.
The Austria-based savoury ingredients provider acquired McClancy from CIC Partners (CIC), a US-based middle-market private equity firm.
Through the acquisition, NovaTaste will enter the rapidly growing US market and enhance its exposure to the Quick Service Restaurants (QSR) food service segment.
McClancy will continue to operate under the McClancy brand and serve its US customers, leveraging NovaTaste’s capabilities, international network and infrastructure.
NovaTaste CEO Erik Wiberg-Lyng said: “By combining the talented McClancy team and their exceptional expertise with our global network and infrastructure, we are unlocking new opportunities for growth and innovation.
“Together, we will strengthen our position as a global leader in taste innovation and set new standards for our industry. I am looking forward to embarking on this exciting journey with the McClancy team.”
Established over 75 years ago, McClancy is a savoury solutions expert, co-creating foods and ingredients with its customers in a variety of custom packaging options.
The company operates two manufacturing facilities in Fort Mill, South Carolina, with more than 250 employees and serves customers across the US in food service, retail and industry.
In 2020, CIC partnered with the then newly appointed CEO, Stephen Andresen, to transform the business into a large-scale ingredient supplier.
McClancy expanded its leadership team, capacity and capabilities while investing in culinary and innovation capabilities to serve its customers.
Its CEO Stephen Andresen and other leadership team will remain in their current positions and continue to retain significant ownership in the US-based ingredient provider.
McClancy CEO Stephen Andresen said: “We chose to partner with the CIC team with the belief that their sector knowledge and network of relationships – in particular in the QSR channel – would be invaluable, and this proved to be true.
“They are a great team to work with, understand the importance of people and culture, and have been active partners supporting our tremendous growth over the past few years.”
