Ronnoco Coffee, a portfolio company of Huron Capital Partners, has acquired International Blends, a distributor of coffee products. This is Ronnoco’s first add-on acquisition since being acquired by Huron in July 2012.
International Blends is a distributor of coffee and other related products to convenience stores, restaurants, and offices. The company is based in Jefferson City, MO (www.internationalblends.net).
“When we partnered with Ronnoco, our plan was to continue growing the business through geographic expansion, new product offerings and strategic acquisitions. The International Blends acquisition is a great first step and we look forward to pursuing additional acquisition opportunities with the Ronnoco management team,” said Huron Senior Partner John Higgins.
Ronnoco Coffee is a manufacturer and distributer of coffee, tea and related products sold to convenience stores, foodservice outlets and offices throughout the central United States. The company was founded in 1904 and is based in St. Louis, MO (www.ronnoco.com).
“We are very excited to partner with International Blends and have the opportunity to serve their customer base. International Blends is a well-known name in its geography and we believe it fits well into the strategic acquisition plan that we are currently pursuing in partnership with Huron Capital,” said Scott Meader, CEO of Ronnoco.
Huron Capital Partners invests up to $70 million per transaction in middle market companies that have revenues up to $200 million and EBITDAs of $5 million or more. Sectors of interest include education & training, healthcare, specialty chemicals, specialty packaging, consumer products, home décor, business services, industrial manufacturing, food & beverage, and marketing services. Since its founding in 1999, Huron has acquired or invested in 62 companies with aggregate revenues in excess of $1 billion. The firm currently manages over $1.1 billion in committed equity through four private equity funds, and has offices in Detroit and Toronto (www.huroncapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 4-10-13
