Texas-based investment firm Fairmount Food Group has acquired G&G Foods of Santa Rosa, California. This is the third recent industry acquisition for the investment firm and its equity sponsor GTCR Golder Rauner.
“We are thrilled about the addition of G&G Foods to our strong portfolio of brands. Their high quality, specialty food products appeal to consumers who want an artisanal level of taste and we look forward to using our national sales force to exhilarate growth in the business,” said Fairmount CEO Bing Graffunder. “This acquisition, along with previous partnerships with DCI Cheese Company and Green Bay Cheese, allows us to continue our stated strategy of vertical integration in the deli/specialty food sector.”
G&G sells seven different product lines under the Goldy’s, Meza and La Torta brands and employs 100 associates.
The company will report to Tim Omer, CEO of DCI Cheese Company. G&G founders Rick Goldberg and Chris Glab will continue in their leadership roles and G&G Foods will continue to operate under its own separate identity.
“We are extremely excited to be adding two talented individuals like Rick and Chris to our management team,” said Omer. “They bring innovation and a fresh look at specialty products, which is needed as the market evolves. This will bring great benefit to Fairmount Foods as well as to our companies’ respective customers.”
Goldberg and Glab said that they felt the company would work well under Fairmount. “There are real similarities in the company cultures of Fairmount Foods and G&G that allow us to further our ability to offer customers the best products in the category, aggressive, creative thinking and a high service level. From a sales standpoint, this partnership gives our organisation the opportunity to greatly expand our sales force and distribution capabilities, offering retailers an expanded line of products all while streamlining category buying.”