Whole Earth Brands Closes Business Combination with Flavors Holdings
Whole Earth Brands, Inc. is expected to be a global leader in healthy, natural and zero-calorie foods and ingredients
Whole Earth Brands, Inc., formerly known as Act II Global Acquisition Corp., announced the completion of its business combination transaction with Flavors Holdings Inc. subsidiaries Merisant Company, one of the world’s leading manufacturers of calorie-FREE and low-calorie sugar substitutes, and MAFCO Worldwide LLC, a leading manufacturer of natural licorice products. As of June 25, 2020, shares of common stock and warrants of Whole Earth Brands trade on Nasdaq under the ticker symbols FREE and FREEW, respectively.
The combined business will leverage the deep experience of its management team, global leadership in fast growing consumer packaged goods categories and an enhanced capital structure to accelerate growth through increased innovation and distribution across its global platform.
Whole Earth Brands will be led by Flavors Holdings’ existing management team, including chief executive officer of Flavors Holdings, Albert Manzone, who has been named CEO of Whole Earth Brands; chief financial officer of Flavors Holdings and Merisant Andy Rusie, who has been named chief financial officer of Whole Earth Brands; president of MAFCO, Lucas Bailey, who has been named President of Whole Earth Brands’ Flavors and Ingredients Division and Act II chairman Irwin D. Simon, who will serve as executive chairman of Whole Earth Brands.