La Dolce Vita produces artisanal Italian biscotti and specialty cookies. The company produces over five million pounds of biscotti a year from its facility and headquarters in Glendale, AZ. La Dolce Vita was founded in 1993 (www.ladolcevitabiscotti.com).
La Dolce Vita is Nonni’s second acquisition; it acquired THINaddictves, a producer of specialty thin biscotti cookies, in January 2012. “Two key components of our value creation plan at Nonni’s are to expand distribution and to acquire complementary product lines. La Dolce Vita is an excellent fit because it positions Nonni’s to expand into specialty retailers and other areas of the grocery store,” said Mark Burgett, a managing director at Wind Point.
Nonni’s produces premium, specialty cookies including Nonni’s biscotti, the leading brand of biscotti in the US. Wind Point acquired Nonni’s in February 2011 in partnership with CEO Dave Beré, a seasoned food industry executive whose past leadership positions include Dollar General, Bakery Chef (a Wind Point portfolio company), McCain Foods and Quaker Oats. Nonni’s is headquartered in Tulsa (www.nonnisfoods.com).
The La Dolce Vita acquisition gives Nonni’s the increased capability to innovate and support the growing demand for specialty cookies such as biscotti. “La Dolce Vita’s baking process allows the development of specialty items, seasonal and promotional products, and new flavors. The acquisition is a great opportunity to leverage Nonni’s operational experience to expand production of La Dolce Vita’s products, while maintaining the brand’s authentic, artisanal quality,” said Mr. Beré.
Wind Point Partners invests from $20 million to $70 million of equity in companies with revenues from $100 million to $500 million and EBITDAs of at least $8 million. Industries of interest include business services, consumer products, healthcare and industrial products. The firm has approximately $2.5 billion in capital under management and has completed more than 90 investments and 160 add-on acquisitions across its seven private equity funds. Wind Point Partners is based in Chicago (www.wppartners.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-9-13