Several food industry executives are joining the company’s board of directors as part of the transaction.

Merger said to “create a market leader in nutrition snacks.”

Financial terms of the transaction were not disclosed.

ATFL will continue to license ACT II popcorn brand in India.

Company is a manufacturer of reduced sugar snacks.

Private equity firm finalizes purchase.

Transaction includes two manufacturing plants.

MidOcean Partners is a middle market private equity company.

Businesses were put under strategic review in 2023.

Terms of both acquisitions were not disclosed.