Cannae Holdings, Inc. (NYSE: CNNE) and KKR & Co. Inc. (NYSE: KKR) announced today the acquisition of a majority stake in The Watkins Company, a leading manufacturer and distributor of natural food products. The transaction values The Watkins Company at approximately [amount] and is expected to close in the [quarter] of 2023.

The Watkins Company, known for its iconic line of spices, extracts, and other household products, has a rich history spanning over 150 years. The company boasts a loyal customer base and a strong brand presence in the natural and organic food space.

This strategic acquisition will provide Cannae and KDSA with a platform to expand within the growing natural and organic food sector. The partnership aims to leverage Cannae’s expertise in consumer product businesses and KDSA’s operational experience to accelerate The Watkins Company’s growth.

The Watkins Company‘s current management team will remain in place, providing continuity and expertise. The transaction is subject to customary closing conditions.

About Cannae Holdings, Inc.

Cannae Holdings, Inc. is a publicly traded holding company focused on acquiring and growing businesses in the consumer, industrial, and services sectors.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, real estate, credit, and infrastructure.

About The Watkins Company

The Watkins Company is a family-owned business that has been producing and selling natural food products for over 150 years. The company is headquartered in [City, State] and has a nationwide distribution network.