Zentis (Aachen, Germany), one of Europe’s largest fruit-processing companies, has acquired Sweet Ovations LLC (Philadelphia, Pa.) from Speyside Equity. Sweet Ovations is a food ingredients business with annual revenues exceeding $100 million. “We feel that we have taken the company as far as we reasonably could during our seven years of ownership. Sweet Ovations needs to continue to grow, and the opportunity presented by such a focused, global leader as Zentis makes a lot of sense,” said Speyside partner Kevin Daugherty. Sweet Ovations was established in 1931 and sells ingredients primarily to the yogurt, bakery, and ice-cream industries, in addition to large clients in the foodservice industry. Zentis has operated its own manufacturing facility in Plymouth, Ind. since 2006. It is the second largest producer of jams and fruit spreads in Germany.
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