Specialty cheesemaker Dairyfood USA has been acquired by Borgman Capital, a private-equity company, that will merge the business with Gilman Cheese, an own-label cheese manufacturer.
The acquisition will allow Gilman Cheese to expand its portfolio of products and production capacity.
Dairyfood USA was founded in 1953 and sells products under the Glacier Ridge Farms, Queso de Casa, and Sonoma Jacks brands, the company also produces private label products such as smoked links and loaves, snack wedges, dips and spreads, cut bars, and non-dairy products.
Sequoya Borgman, the investor’s founder, and managing director, said: “The people, products and legacy of Dairyfood USA offer a wealth of benefits to Gilman Cheese. We are excited about the synergies and growth opportunities ahead”.
“Throughout the selling process, it became distinctly obvious that Borgman Capital was the right choice to lead Dairyfood USA in its next chapter. The professionalism, honesty and genuine respect for our team and culture is what set them apart from other buyers,” said Daniel Culligan, president, and CEO of Dairyfood USA. “I am confident that the future is extremely bright for Dairyfood USA and Gilman Cheese”.
The price of the acquisition wasn’t disclosed.
Source: Borgman Capital