Salt Lake City-based Creminelli Fine Meat LLC has been purchased by Chicago-based private equity firm Entrepreneurial Equity Partners (EEP), and merged with Mapleville, R.I.-based Daniele International, the PE firm said in a news release.
Financial terms of the transaction were not disclosed.
EEP had purchased Daniele last September.
Creminelli is a producer and distributor of premium charcuterie and protein snacks, for which it has been recognized with 11 national food awards. Creminelli’s product lines include charcuterie snack trays, deli trays, artisan salami, artisan deli and salami minis. Creminelli’s approach of using ultra-premium ingredients and small-batch production was inherited from generations of Master Artisan Cristiano Creminelli’s family. Its products can be found in high-end grocery stores and cafes across the U.S. Creminelli is headquartered in Salt Lake City, Utah.
Chris Bowler, Creminelli’s CEO and Co-Founder, will continue to lead the Creminelli business. Chris commented, “We are excited about the marriage of these two companies and how it positions us to build our brand, grow and improve our product offering, and continue our expansion into new outlets and channels.”
Daniele’s CEO, David Finch, added, “Together with the outstanding team at Creminelli, we plan on expanding into new markets and broadening our product offerings. As a company we seek to elevate the snacking and charcuterie experience in the U.S.”
Creminelli marks the fourth transaction for Entrepreneurial Equity Partners. Other investments include Sara Lee Frozen Bakery and Superior Cake Products (an acquisition by Sara Lee Frozen Bakery). The firm’s partners include Tom Hayes, former CEO of Tyson Foods.
To read Meatingplace’s profile of Creminelli Fine Meats from its December 2011 issue, click here.