US-based Charcuterie Artisans has entered a deal to acquire La Quercia Cured Meats.
The deal gives Charcuterie Artisans ownership of La Quercia’s production plant in Norwalk, Iowa, along with its full product portfolio.
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Financial terms of the transaction were not disclosed.
Charcuterie Artisans, the parent company of Creminelli Fine Meats and Daniele, said it will invest in the La Quercia brand, its plant and workforce to ensure “long-term growth”.
In a statement yesterday (22 January), the company said the deal “expands its portfolio of premium domestic charcuterie”.
It added that the move “deepens its commitment to honouring Old World techniques while increasing production capacity for the US marketplace”.
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By GlobalDataLa Quercia was set up by Herb and Kathy Eckhouse in 2005.
The Iowa-based company produces artisan American cured meats, such as prosciutto and pancetta.
According to its website, the company’s meat products are free of antibiotics.
Jason Golly, the CEO of Lynch Family Companies, former parent company of the La Quercia brand, said: “Charcuterie Artisans understands the importance of preserving tradition while investing in the future and we are confident in the continued success of La Quercia under their stewardship.”
La Quercia’s employees will be retained and will continue to work with the Lynch family and Premium Iowa Pork.
Charcuterie Artisans said it is planning a “modernisation” of the Norwalk facility, with capacity set to increase by 50%. The upgraded site will be exclusively dedicated to prosciutto production.
Headquartered in Mapleville, Rhode Island, Charcuterie Artisans currently operates 660,000 square feet of manufacturing space across its headquarters, Salt Lake City, Utah, and now Norwalk.
The company employs more than 700 people.
The deal follows the acquisition of Charcuterie Artisans in September by an Industrial Opportunity Partners (IOP)-managed investment fund.
At the time, the company said IOP was making a “significant new investment” that would be used to “expand capacity, strengthen customer partnerships, and drive innovation”.
Charcuterie Artisans markets Italian-style meats under the Creminelli Fine Meats and Del Duca brands.
Jeff Tripician, the CEO of Charcuterie Artisans, called La Quercia a “natural fit”.
“Their unwavering dedication to craft, quality, and the art of slow traditional curing, beautifully complements the heritage behind Creminelli, Daniele, and Del Duca,” he said.
Daniele, founded in 1945, is known for products such as prosciutto and salami, while Creminelli Fine Meats, established in 2007, focuses on charcuterie and protein snacks for retail and foodservice customers.
Daniele and Creminelli Fine Meats merged in 2020 with backing from Chicago-based private-equity firm Entrepreneurial Equity Partners.
