We here at Deli Market News are always excited to spread the word about acquisitions in the dairy sector and, as they say, good news often comes in threes. Ronin Equity Partners has recently announced the acquisition of three leaders in the specialty cheese space: Red Apple Cheese, Barron County Cheese, and Cheese Brothers.
“We’re incredibly excited about this partnership and felt the investment was perfect for us,” said Ronin Managing Partner David Feierstein. “We want to enable motivated, passionate founders and executives in fragmented industries, using our financial muscle and operational expertise to execute accelerated roll-ups.”
The acquisition of these three companies brings multi-level growth for Ronin, as Red Apple Cheese specializes in smoked, flavored, and kosher specialty cheeses; Barron County Cheese specializes in the smoking and packing of the cheese; and Cheese Brothers offers an innovative e-commerce platform.
The combined company will be an omni-channel and vertically integrated provider of specialty cheese, as well as an independent brand consolidator in the U.S. premium cheese and charcuterie market, a press release explained. The acquired companies’ founders and existing management teams will retain significant stake in the new consolidated group.
“We’re creating a powerful combination of ambitious companies, steeped in family-owned Wisconsin and New England traditions, and Ronin, which has the operational and market expertise in the cheese and consumer packaged goods space to turbocharge growth,” said Gene Graf, Co-Founder of Cheese Brothers and Barron County Cheese, who will lead operations for the new company.
David Toy will be stepping in as Chief Executive Officer for the group of companies from his previous position as Chief Commercial Officer of Sauer Brands and Kraft Heinz. Cheese Brothers Co-Founder Eric Ludy will lead marketing and e-commerce with the help of one of Ronin’s respected partners, Tiffany Bell. Bell will occupy the role of Chief Financial Officer.
What’s on the horizon for this unique new alliance? Keep reading Deli Market News for all the latest in the dairy, deli, and specialty sectors.