Sauer Brands, the parent company of Carolina staple Duke's Mayo, is being sold by Charlotte-based Falfurrias Capital Partners to a private equity firm. In a statement, Advent International confirmed that Duke's Mayo was an important part of the deal,

In 2019, Falfurrias acquired condiment, sauce and spice manufacturer Sauer Brands, known for its Duke’s mayonnaise brand. Other brands include Mateo’s Gourmet Salsa and Kernel Season’s. Terms of that deal also were undisclosed.

Advent International, a global private equity firm, has reached a deal to acquire Sauer Brands Inc., a company known for its portfolio of condiments and seasonings brands, from Charlotte-based Falfurrias Capital Partners. Financial terms of the deal, announced today, were not disclosed.

Buyout firm Advent International has agreed to acquire Sauer Brands Inc., the owner of the Duke’s mayonnaise brand, from Falfurrias Capital Partners, according to people with knowledge of the matter.