Financial Results and Outlook
Ingredients Platform Formation
Execution
External
Experts Study
2017
M&A Lead Adjacency
Hired
Identification
FruitSmart
Acquisition
2018
2019
Capital Allocation
Strategy Announced
Process and Pipeline
Buildout
Ingredients
Lead Hired
Silva
Acquisition
2020
Shank's
Acquisition
2021
100+ actionable
opportunities reviewed
10-15 through initial
screening
3 transactions closed
~$380M total invested
Fruit Smart™
Solutions. Naturally.
January 2020
• $80M plus
$16M facilities
Fruit focus
Concentrates,
not-from-
concentrate,
essences,
dehydrated
Silva
INTERNATIONAL
• October 2020
$170M including
facilities
Vegetable
focus
Dehydrated
ه
SHANK'S
EXTRACTS
EST. 1899
October 2021
$100M plus
$13M facilities
• Vanilla focus
with bottling
and packaging
• Extracts, flavors,
colors,
nutraceuticals
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