January 4/Purchase, N.Y./Food & Beverage Close-Up -- DeMet's Candy Company has completed the acquisition of the TrueNorth nut snack brand from Frito-Lay North America.
DeMet's will merge TrueNorth into its existing portfolio of confectionary products that includes DeMet's Turtles, DeMet'sFlipz, DeMet's Treasures and DeMet'sStixx. DeMet's is owned by the Greenwich, CT-based private equity fund, Brynwood Partners V L.P.