US-based sauces and dips maker Robert Rothschild Farm has been sold to local private-equity firm Glencoe Capital Management.
The Ohio-based Robert Rothschild Farm makes products in small batches, with brands including Game Day Gourmet, Made in Napa Valley and Vineyard Pantry. The company offers a range of gluten-free, organic and non-GMO products.
The company will be merged with US fruit-based food manufacturer Clearbrook Farms, a company Glencoe acquired last year.
Glencoe said the two companies will “bring expanded capabilities around innovation, new product offerings and consumer preferences to a diversified customer base”.
“Rothschild has strong brand awareness and a focus on innovative products that are recognized as best-in-class within the specialty food market,” David Evans, the chairman and CEO of Glencoe, added. “This is an investment in long-term growth. These two businesses are compelling specialty food providers with a strong future together, serving consumers’ rapidly growing desire for all-natural, premium food products.”
Financial details of the deal have not been revealed.
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Clearbrook president and CEO Andy Liscow said the companies would benefit from being able to provide an expanded range to customers. “Like Rothschild, Clearbrook Farms has a long history as a category leader. Working together, we will benefit from and complement each other’s expertise and provide broader product capabilities to our customers,” Liscow said.