Advent International, Boston, acquired Noosa Yoghurt, LLC, Bellvue, Colo. Noosa’s executive team remains in place and retained a significant minority ownership position in the company. Financial terms of the transaction were not disclosed.
Founded in 2009 and named after a coastal town in Queensland, Australia, Noosa is known for its tangy and tart Aussie-style yogurt. Since launch, Noosa has introduced 13 varieties, including three in 2014, experienced triple digit growth and expanded its footprint across 5,000 traditional and natural grocery retailers nationwide. In 2015, Noosa will complete a $5 million expansion project to upgrade existing equipment and keep up with increasing sales and distribution.