December 27, 2014 1:40 AM ET

Food Products

Company Overview of Merisant Company, Inc.

Company Overview

Merisant Company, Inc. manufactures, markets, and sells tabletop sweeteners and other products for customers in the United States and internationally. It offers classic, sucralose, and saccharin sweeteners; and natural zero calorie sweeteners. Merisant Company, Inc. was formerly known as Tabletop Acquisition Corp. The company was founded in 2000 and is based in Chicago, Illinois with additional offices in Bilbao, Spain; Buckinghamshire, United Kingdom; Martinez, Argentina; Mexico City, Mexico; Neuchâtel, Switzerland; North Ryde, Australia; Paris, France; and Teplice, Czech Republic. It has its presence in North America, Europe, Central/South America, Asia, and Australia. Merisant Company, In...

33 North Dearborn Street

Suite 200

Chicago, IL 60602

United States

Founded in 2000

430 Employees

Phone:

312-840-6000

Fax:

312-840-5541

Key Executives for Merisant Company, Inc.

Chief Executive Officer
Age: 57
Chief Financial Officer
Chief Operating Officer and Vice President
Age: 55
Vice President
Age: 49
Executive Vice President and Global Commercial Director
Age: 63
Compensation as of Fiscal Year 2014.

Merisant Company, Inc. Key Developments

Settlement Administrator Announces Class Action Settlement in the Aguiar V. Merisant Company and Whole Earth Sweetener Co., LLC Litigation

A settlement has been reached in a class action lawsuit against Merisant Company and Whole Earth Sweetener Company LLC. The lawsuit claims that Merisant mislabeled its Pure Via Consumer Products by describing the products and their ingredients as "natural." Merisant denies the allegations in the lawsuit, asserts it has not violated any laws, and says that its description of various Pure Via products and ingredients as 'natural' is accurate. To avoid further litigation, the Parties have reached a class action settlement, which was preliminarily approved by the United States District Court for the Central District of California on October 6, 2014. Under the terms of the Settlement, may be entitled to compensation if a member of the Settlement Class, meaning that purchased any of the Pure Via Consumer Products in the U.S. from January 1, 2008, through October 6, 2014, for individual or household use. Excluded from the Class are Merisant and its board members, officers, and attorneys; governmental entities; the Court presiding over the Settlement; and those persons who timely and validly request exclusion from the Settlement Class. The Court will hold a Final Fairness Hearing at 9:00 a.m. on February 2, 2015 in Los Angeles, California. At this Hearing, the Court will consider whether the Settlement is fair, reasonable, and adequate and whether to approve the Class Representative's Incentive Award up to $4,000 and attorneys' fees and expenses of up to $495,000. May attend the hearing, and may hire own lawyer, but not required to do either. The Court will consider timely written objections and may listen to people who have made a prior written request to speak at the Hearing. After the Hearing, the Court will decide whether to approve the Settlement.

Merisant Company Completes Refinancing of Credit Facility

Merisant Company announced that it has successfully completed the refinancing of its credit facility. The new $95 million credit facility consists of a secured loan of $70 million and a revolver of $25 million. This transaction will lower Merisant's financing costs and provide enhanced liquidity for Merisant's domestic and international operations. The lender group consists of Bank of America, N.A. and Wells Fargo, N.A. (as co-leads) and BMO Harris N.A. The transaction was not syndicated.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 3, 2014
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