Scoop: Garlic brand Spice World hits the auction block

Spice World, a Palladium Equity-backed maker of garlic and other spices, is working with Houlihan Lokey on a sale, sources familiar with the situation say. Why it matters: The sale process signals continued food sector M&A activity, which sources still describe as a mixed bag. Zoom in: The company is collecting second round bids before the holidays, the sources say. • Spice World is generating around $80 million in EBITDA, they say. Catch up quick: This is Palladium's third time bringing Spice World to market since the PE firm acquired...