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Granola Bar Maker Achieves Billion-Dollar Valuation
6 Oct
Summary
- Riverside Natural Foods, maker of MadeGood products, has reached unicorn status.
- A private equity firm sold its minority stake back to the founding family.
- The company was launched 13 years ago by the Fotovat family.
Riverside Natural Foods, a Canadian company recognized for its MadeGood granola bars and bites, has recently attained unicorn status. This significant achievement was formalized through a transaction where Prelude Growth Partners divested its minority ownership.
The stake was repurchased by the Fotovat family, who established Riverside Natural Foods 13 years ago. This move signifies a return to family control for the company that has now surpassed a billion-dollar valuation.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
