Blue cheese producer Maytag Dairy Farms has been sold by its US-based private-equity owner Midwest Growth Partners to AgCertain Industries.
AgCertain Industries, an agri-food business manufacturing private-label cooking oils and refined glycerine, is a portfolio company of Midwest Growth Partners.
The private-equity firm acquired Newton, Iowa-based Maytag Dairy Farms in 2019 from its family owners.
Maytag Dairy Farms, set up in 1941, is a branded business selling blue cheese, cheddar and cheese spreads to retailers and foodservice clients, as well as online via the direct-to-consumer channel. The company also supplies jam, honey and popcorn.
John Mickelson, a managing partner of West Des Moines, Iowa-based Midwest, said: “The combination of these two companies supports continuing success and spurs greater potential for growth across AgCertain’s growing set of brands, products and services.”
Financial terms were not disclosed.
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By GlobalData“Maytag’s success is rooted in its commitment to quality and I believe the company has tremendous opportunity to grow and provide a broader range of products and services to our customers,” said Daniel Oh, the CEO of Iowa-based AgCertain Industries.
“By combining our two Iowa-based companies, we are able to create deeper branding opportunities and expanded product sales opportunities for both organisations.”
