{"id":405748,"date":"2026-07-20T22:13:13","date_gmt":"2026-07-20T22:13:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/405748\/"},"modified":"2026-07-20T22:13:13","modified_gmt":"2026-07-20T22:13:13","slug":"truelink-capital-acquires-fresno-based-lyons-magnus-for-around-1-billion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/405748\/","title":{"rendered":"Truelink Capital acquires Fresno-based Lyons Magnus for around $1 billion"},"content":{"rendered":"<p>FRESNO, Calif. (FOX26) \u2014 Truelink Capital, a Los Angeles-based private equity firm, has acquired Lyons Magnus, a longtime leader in the food service industry, according to the Wall Street Journal.<\/p>\n<p>The Journal reported Sunday that the deal is valued at roughly $1 billion.  <\/p>\n<p>Founded in 1852 and headquartered in Fresno, Lyons develops and manufactures specialty ingredients, beverage products, and nutrition solutions, helping customers bring a wide range of food and beverage products to market.<\/p>\n<p>The Smittcamp family had a long, prominent history with Lyons Magnus. <\/p>\n<p>Bob Smittcamp was CEO for over four decades, stepping down in 2018. <\/p>\n<p>Truelink  serves a broad range of end markets, including coffeehouses, quick-service restaurants, foodservice providers, and healthcare organizations. <\/p>\n<p>Lyons was acquired from Paine Schwartz Partners, a private equity firm focused on investing across the sustainable food chain. <\/p>\n<p>Financial terms of the deal were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"FRESNO, Calif. (FOX26) \u2014 Truelink Capital, a Los Angeles-based private equity firm, has acquired Lyons Magnus, a longtime&hellip;\n","protected":false},"author":2,"featured_media":405749,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[112,114,113],"class_list":["post-405748","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fresno","tag-fresno","tag-fresno-headlines","tag-fresno-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/405748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=405748"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/405748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/405749"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=405748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=405748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=405748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}