PopcornopolisMultinational bakery company, Grupo Bimbo, has acquired Popcornopolis from NexPhase Capital for an undisclosed sum. William Blair acted as financial advisor to NexPhase and Popcornopolis on the transaction, while Lowenstein Sandler LLP served as legal advisor. Its strategy of expanding Popcornopolis into the everyday snacks aisle has helped the brand become the fastest growing ready-to-eat popcorn in retail. These launches are expected to drive the $2.3 billion U.S. popcorn production market even further. Market research firm, Million Insights, predicts the global popcorn market will grow at a 9.4% CAGR between 2021 and 2028, reaching $6.42 billion in revenue by the end of the forecast period.

Source: Forbes October 29, 2021 10:50 UTC