Inside BENEO’s new pulse plant: pioneering sustainable protein from faba beans
By joining forces with NovaTaste, McClancy gains a new strong partner while continuing to operate under the McClancy brand
CIC Partners (CIC), a Dallas-based middle-market private equity firm announced the successful sale of McClancy Foods and Flavors to NovaTaste, a global leader in taste innovation, headquartered in Austria.
In 2020, CIC partnered with newly appointed CEO, Stephen Andresen, to invest in and transform a 3rd generation founder-led business into a leading ingredients supplier. McClancy augmented its leadership team and expanded its capacity and capabilities while investing in leading culinary and innovation capabilities to serve its customers. The Company’s proven technical expertise, difficult-to-replicate, proprietary formulations, end-to-end value proposition, sticky customer base and impressive growth trajectory were very attractive for strategic acquirers.
By joining forces with NovaTaste, McClancy gains a new strong partner while continuing to operate under the McClancy brand. Their US customers will now be able to explore opportunities beyond borders, leveraging NovaTaste’s innovation capabilities, extensive international network and infrastructure. Stephen Andresen and the leadership team will remain in their current roles and will continue to retain significant ownership in the Company.