Investment Firm Buys Syrup Maker Lyons Magnus for $1 Billion

Truelink Capital agreed to buy Lyons Magnus, a Fresno company that makes fruit ingredients and beverage syrups, for about $1 billion. Paine Schwartz Partners owned it for nearly ten years and nearly doubled its size, announcing the sale July 20, 2026. One investment firm selling to another shows how companies change hands when going public stays hard.