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Citation Capital Acquires Majority Interest in Cibo Vita; Emre Imamoglu and Ahmet Celik Comment

Citation Capital Acquires Majority Interest in Cibo Vita; Emre Imamoglu and Ahmet Celik Comment


TOTOWA, NJ
Thursday, October 12th, 2023

Recent news on the wires reports snacking company Cibo Vita has been acquired by private equity firm Citation Capital. The next-generation firm will acquire a majority interest in Cibo Vita and will become the company’s first outside shareholder.

Emre Imamoglu, Co-Founder and Chief Executive Officer, Cibo Vita“Our vision in founding Cibo Vita was to bring healthier snacking options to all families, inspired by our Mediterranean roots,” said Co-Founder and Chief Executive Officer Emre Imamoglu. “Throughout our history, we have experienced phenomenal growth, attributed to our innovation capabilities, commitment to quality, and a drive to meet the needs of consumers increasingly seeking healthier functional snacking. We sought out a strategic partner that could help ensure that we stay on the forefront of innovation and who is aligned with our personal core values.”

Cibo Vita’s Co-Founders Imamoglu and Ahmet Celik, President, will continue to hold a significant ownership interest. The company is a leader in producing high-quality, innovative, value-added products with three manufacturing facilities and employs over 900 individuals.

Citation Capital will acquire a majority interest in Cibo Vita

Nature’s Garden is the company’s flagship brand and an industry leader in innovating the smart snacking category with its national presence, focusing on better-for-you snacking.

Ahmet Celik, Co-Founder and President, Cibo Vita“We found a differentiated partner in the Citation team, given their resolute focus on performance and deep understanding of the importance of values and culture in founder-led businesses,” commented Celik, asserting the importance of seeking a strategic affiliate that aligns with the company’s identity.

Together, Cibo Vita and Citation will advance the company’s growth trajectory while delivering on the mission of providing smart snacking choices for every household. Citation will work shoulder-to-shoulder with Cibo Vita for continued growth and success.

To hear more about the acquisition from Citation Founders, click here.

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