Eight of our 10 most popular articles this year came from the industry’s daily news—acquisitions, plant closures, industrial accidents, and more. This one details the sale of Bazooka Candy in August.
Private equity firm Apax Partners agreed to pay former Disney CEO Michael Eisner’s Tornante group and his private equity firm Madison Dearborn Partners $700 million to acquire Bazooka Candy Brands, according to a report by The Wall Street Journal.
The company includes brands such as Bazooka gum, Ring Pop, Push Pop, Juicy Drop, and Baby Bottle Pop. Bazooka Candy Brands says it sells an estimated 40 million units of chewing gum and sweets every year.
In 2007, Eisner purchased Bazooka Candy Brands through The Tornante Company for about $385 million. At that time, the U.S.-based confectioner’s portfolio also included Topps Cards, which was sold to Fanatics for $500 million after Topps lost its exclusive licensing deal with Major League Baseball.
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Bazooka Candy Brands Sold for $700 Million
