Sonoma Creamery is about to have a lot more cheese producing power as it continues through the second half of 2017. The company has announded it will recieve a $10 million equity investment from Svoboda Capital Fund IV, L.P. While specific terms of the transaction were not disclosed, its safe to say the boost in capital will bring in some exciting new moves from the company who brought you Mr. Cheese O's.
"We are excited to have a new partner who shares our belief in making addictively healthy cheese snacks from the highest quality, simplest ingredients," said John Crean, Sonoma's President & CEO. "Teamwork is our secret weapon. We believe deeply in delivering the absolute best, most compelling, most innovative products to our consumers and retailer partners. We are enthusiastic that the team at Svoboda share our objectives as the surest way to build long-term value for our shareholders, partners, and employees."
According to a press release, this investment will be geared towards supporting the company's growth initiatives, including the development of new products, the hiring of key personnel, and the build-out of additional production capacity. Since 2014, Sonoma Creamery has been providing Mr. Cheese O's, a shelf-stable, high-protein, gluten-free, naturally lactose-free, baked cheese snack made with organic quinoa and no artificial ingredients or preservatives. The company then launched Sonoma Creamery Parmesan Crisps, Cheddar Crisps, and Bacon Cheddar Crisps with real bacon in 2016.
"We have been impressed with Sonoma's ability to innovate and grow in the exciting Healthy Snack category," said Jeff Piper, Managing Director at Svoboda Capital. "We are looking forward to collaborating with the Sonoma management team to enhance the long-term growth and success of the company."
Already, Sonoma Creamery serves a wide array of retailers, including Amazon, Costco, HEB, Kroger, Safeway/Albertsons, Target, and Wegmans, among others.
To learn more information about the company and all its offerings, please visit www.sonomacreamery.com.