Manufacturing UAE’s Mubadala Capital buys US snack food maker TruFood By Pramod Kumar October 19, 2022 TruFood TruFood will remain a stand-alone business, maintaining operational autonomy Mubadala Capital, a wholly-owned subsidiary of Mubadala Investment Company, has acquired US-based snack food contract manufacturer AOG, trading as TruFood Manufacturing (TruFood), WAM, UAE state-owned news agency reported. The company was acquired from funds affiliated with AUA Private Equity Partners. Financial details of the transaction were not disclosed. Headquartered in Pittsburgh, Pennsylvania, TruFood is a formulator and manufacturer of nutrition bars, protein bars, chocolate moulded products, and baked nutrition. Mubadala Capital manages a diverse portfolio of investments across the globe, with investments worth $2 billion over the past eight years. Under the terms of the agreement, TruFood will remain a stand-alone business, maintaining operational autonomy. Bloomberg reported last month that Abu Dhabi’s sovereign wealth funds – Mubadala Investment Co. and ADQ – are likely to become anchor investors for the possible initial public offering of Volkswagen-owned luxury carmaker Porsche.