Heartland Food Products Group
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Heartland Food Products Group - overview
Location
Carmel, IN, US
Primary Industry
Consumer Products
About
Heartland Food Products Group focuses on producing low-calorie sweeteners and liquid water enhancers, catering to health-conscious consumers seeking alternatives to sugar. Heartland Food Products Group specializes in the production of low-calorie sweeteners, including its flagship product, Splenda® Sweeteners. The company is headquartered in Carmel, Indiana, US. Founded by Cem Birdinc, Heartland has undergone significant changes in its business strategy since its inception.
In August 2015, Centerbridge Capital Partners invested an undisclosed amount in Heartland Food Products Group, representing a key funding milestone for the company. Heartland Food Products Group primarily specializes in the production of low-calorie sweeteners, with Splenda® Sweeteners being America's favorite sweetener brand. The company also manufactures liquid water enhancers aimed at health-conscious consumers who wish to reduce sugar intake while enjoying flavorful beverages. These products cater to individuals managing diabetes, those seeking to lose weight, and health-focused consumers aiming to lower their added sugar consumption.
Heartland markets its offerings to a diverse client base, including retail grocery chains, foodservice providers, and private label partners across geographical markets in North America, Latin America, Europe, and parts of Asia. Heartland Food Products Group generates revenue through retail and wholesale partnerships, emphasizing B2B transactions. The company sells products, including Splenda® and other low-calorie sweeteners, to various retailers, who then offer them to consumers. The revenue model includes bulk sales to large retailers and private label agreements, contributing to a consistent demand for its products across multiple distribution channels.
Heartland Food Products Group is focused on expanding its product line and market reach. Plans include introducing new low-calorie products and launching them in the upcoming year. The company intends to penetrate new markets, particularly in Europe and Asia, by 2025. The investment from Centerbridge Capital Partners will support these initiatives, enhancing product development and market expansion efforts.
Current Investors
Centerbridge Partners
Primary Industry
Consumer Products
Sub Industries
Non-Alcoholic Beverages
Website
www.heartlandsweeteners.com
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Heartland Food Products Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | SlimFast | - | ||||||||
| Growth | Completed | Heartland Food Products Group | - | ||||||||
| Add-on | Completed | Splenda | - |
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