Glencoe Capital Management has acquired Robert Rothschild Farm, a food maker specializing in gourmet sauces, dips and spreads.
Robert Rothschild Farm was founded by Bob and Sara Rothschild and has been active in the premium specialty food market since 1984. The company’s brands include Robert Rothschild Farm, Robert Rothschild Farm Fresh, Game Day Gourmet, Made in Napa Valley, and Vineyard Pantry. The company’s offerings include a large variety of gluten free, organic, Non-GMO and other clean-label products. All of the company’s products are made from scratch in its 51,000 square foot facility located west of Columbus in Urbana, OH (www.robertrothschild.com).
Robert Rothschild Farm will be combined with Glencoe’s existing portfolio company Clearbrook Farms, a fruit-based food manufacturer that was acquired in March 2016. Clearbrook Farms is a provider of private label and branded jams, jellies, fruit butters, preserves and fillings to both the retail and industrial markets. The company was founded in 1924 by Jacob Liscow as a supplier to Dolly Madison Bakeries. The company is based north of Cincinnati in Sharonville, OH (www.clearbrookfarms.com) and today is led by President and CEO Andy Liscow (Jacob’s grandson).
“Rothschild has strong brand awareness and a focus on innovative products that are recognized as best-in-class within the specialty food market,” said David Evans, Chairman and CEO of Glencoe. “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.”
Glencoe Capital makes acquisitions and growth equity investments in lower-middle market companies that have EBITDAs between $3 million and $15 million. Sectors of interest include food and food Products, specialty chemicals, early-childhood education, plastics and packaging, and specialty insurance. Founded in 1993, Glencoe Capital has offices in Chicago and in the Detroit suburb of Bloomfield Hills (www.glencap.com).
© 2017 Private Equity Professional | June 20, 2017
