US firm Charcuterie Artisans has been acquired by an investment fund managed by Industrial Opportunity Partners.
In a statement, Charcuterie Artisans, the parent company of Creminelli Fine Meats and Daniele, said IOP is making a “significant new investment” into the business.
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The financial terms of deal and investment were not disclosed.
In the statement, the company said the investment would be used to “expand capacity, strengthen customer partnerships, and drive innovation”.
Charcuterie Artisans markets a range of Italian-style meats under the Creminelli Fine Meats and Del Duca brands.
Jeff Tripician, a former Niman Ranch and Perdue Farms executive, has been named Charcuterie Artisans CEO. He joins the business from Dutch cultivated-meat firm Meatable.
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By GlobalDataDaniele, founded in 1945, is known for its meats such as prosciutto and salami.
Creminelli Fine Meats, established in 2007, focuses on selling charcuterie and protein snacks to retail and foodservice customers.
In 2020, the two companies merged with the backing of another US private-equity firm, the Chicago-based Entrepreneurial Equity Partners.
Cristiano Creminelli, founder of Creminelli Fine Meats, said yesterday (9 September): “With IOP’s support and our experienced leadership team, we can continue to strengthen relationships, ensure supply, and bring new innovations to the category.”
Based in Mapleville in Rhode Island, Charcuterie Artisans operates with almost 700,000 square feet of space, spread between its HQ location and another facility in Salt Lake City, Utah.
Commenting on his appointment, Tripician said: “This is a natural fit for me, having been both a customer and a vendor with these companies in past roles.
“That experience gives me a unique perspective on how to deliver what matters most: consistent supply, trusted relationships, and products that help our customers succeed.”
