The merger will expand Sovos Brands into the yogurt category.
Sovos Brands, a Berkeley, Calif.-based food and beverage company backed by Advent International, signed a merger agreement under which Noosa Yoghurt LLC, a fast-growing premium yogurt manufacturer also backed by Advent, will expand Sovos Brands into the yogurt category, the companies said.
The transaction adds another “exciting brand” to the Sovos portfolio, which also includes Michael Angelo's and Rao's Homemade, the companies said. Sovos' mission is to acquire premium, on-trend brands with high-quality products that have significant growth opportunities, combining industry expertise with fresh thinking to bring authentic, delicious food into more homes.