Centerbridge Backs Heartland, Sponsors Buy of Splenda
August 27, 2015
Centerbridge Partners has invested in Heartland Food Products Group and subsequently sponsored the platform's agreement to acquire low-calorie sweetener brand Splenda from a subsidiary of Johnson & Johnson (NYSE: JNJ). Heartland is a producer and marketer of low-calorie sweeteners, drink mixes, coffee and nutritional beverages for consumer markets. The transaction is expected to close by year end.