Courtesy of Cibo Vita
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Citation Capital Acquires Majority Interest in Snack Processor Cibo Vita

Oct. 12, 2023
Cibo Vita expects investment from private-equity firm to push growth while maintaining position at the forefront of innovation in the category.

Citation Capital, a Dallas, Texas-based private-equity firm, has acquired a majority interest in snack foods processor Cibo Vita, a release stated. Cibo Vita co-founders Emre Imamoglu and Ahmet Celik will continue to hold a significant ownership interest in the company, which was founded in 2009.

Totowa, N.J.-based Cibo Vita specializes in producing natural and functional snacks for supermarkets, big box chains and warehouse clubs nationwide out of three manufacturing facilities. The company owns the Nature’s Garden brand, which launched in 2011. The company’s product portfolio includes various combinations of nuts, seeds, dried fruit, trail mixes, coated nuts and confectionary.

It is expected that Citation’s ownership stake will help Cibo Vita advance its growth trajectory while staying at the forefront of innovation in the category, the release says. The transaction is expected to close later this year; terms of the deal were not disclosed.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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