Sauer Brands, the parent company of Duke’s Mayo, has been acquired by Advent International, a private equity investor, and gained a new chief operating officer, the company announced Feb. 19.
The terms of the transaction were not disclosed.
Industry veteran E. Yuri Hermida assumed the role of chief executive officer of Sauer Brands effective March 12. Todd Lachman, a seasoned consumer packaged goods executive, has joined Sauer Brands as Chair of the board of directors…