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November 26, 2015

Berner Food & Beverage sold to private-equity firm Peak Rock

US private-equity firm Peak Rock has announced the acquisition of Berner Food & Beverage, a manufacturer of private-label dairy products.

US private-equity firm Peak Rock has announced the acquisition of Berner Food & Beverage, a manufacturer of private-label dairy products from owners the Kneubuehl family.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

Berner’s product range includes private-label cheese dips, salsa con queso, alfredo sauce, aerosol cheese products and coffee- and latte-based beverages. It supplies private-label retailers as well as packaged food firms. The company operates from a facility outside of Chicago.

Anthony DiSimone, CEO of Peak Rock Capital, said, “Our acquisition of Berner highlights Peak Rock’s continued desire to invest in industry leading food businesses where we can leverage the extensive sector experience of our principals and an experienced management team to drive growth and operational improvements. We continue to look for other attractive platform opportunities and add-on acquisitions that can drive meaningful value to our portfolio.”

Berner was founded in 1943.

Steve Kneubuehl, the CEO of Berner, added: “Over nearly 75 years, Berner has built an industry-leading reputation for product quality and innovation. Under Peak Rock’s ownership, we will have the added resources necessary to further grow the business and facilitate product expansion.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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