Double B Food Acquired By Private Equity Firm
Private equity firm The Anderson Group LLC has acquired Double B Foods, a private label supplier of appetizers, snacks, desserts, and dips.
Headquartered in Arlington, Texas, the company operates a USDA and FDA-inspected, BRC-certified manufacturing facility in Meridian, Tex., and a product innovation center in Irving, Tex. The company’s capabilities include blending, baking, enrobing, frying, and wrap and rolling for ready-to-eat and ready-to-cook products.
This is Anderson’s third transaction in 2024, and its 17th food and beverage industry investment since 2010.
According to The Anderson Group, the transaction provides Double B with a strong balance sheet to provide sufficient capital to drive growth under the continuing leadership of company CEO Partick O’Ray.
“The team at Double B enthusiastically looks forward to partnering with Anderson to leverage our existing product development and formulation expertise, as well as our diverse manufacturing capabilities to provide innovative new flavor profiles and product delivery forms for our valued customer base while also expanding relationships with new customers in existing and new sales channels,” he said.
Cory Gaffney, Managing Partner of The Anderson Group added, “Patrick, Don (Wall, CFO), and the team at Double B have done a remarkable job of optimizing and growing the core business over the last several years, and have uniquely positioned the Company to accelerate and diversify near-term future growth. We are thrilled to be partnered with them for the next phase of their growth.”
