Milk Specialties Global, the largest manufacturer of whey protein isolate and milk and whey protein ingredients, was sold to Butterfly, a Los Angeles, CA-based private equity firm specializing in the food industry.
Related to the Active Lifestyle Industry, the Milk Specialties Human Nutrition division manufactures performance nutrition that produces dairy protein ingredients and products for the health and nutrition category.
Milk Specialties operates 12 processing plants in the U.S., led by CEO and industry veteran David Lenzmeier, who will continue in that capacity.
Terms of the transaction were not disclosed and expected to close in Q1 2023.
