The C.F. Sauer Company, manufacturer of flavor-enhancing condiments, spices, seasonings and extracts, such as the Duke’s Mayonnaise, The Spice Hunter, Sauer’s, Gold Medal and BAMA brands, has signed a definitive agreement, whereby Charlotte, VA-based private equity firm Falfurrias Capital Partners will acquire its food business. Sauer President Conrad F. Sauer IV will retire but will continue to serve on the board of directors. Food industry veteran William W. (Bill) Lovette will serve as interim CEO and executive chairman of The C.F. Sauer Company. The transaction is subject to shareholder approval.
The C.F. Sauer Company food business set to be sold
Private equity firm to be new owner
Jun 25th, 2019