Cheese maker Dairyfood USA has been bought through private-equity company Borgman Capital, which is able to merge the trade with its portfolio corporate Gilman Cheese.
Borgman Capital, situated in Milwaukee, Wisconsin, didn’t reveal the fee paid for Dairyfood, which could also be founded in the similar state within the village of Blue Mounds.
Based in 1953, Dairyfood sells branded cheeses below its Glacier Ridge Farms and Sonoma Jacks traces, in addition to dips with the Queso de Casa identify. It additionally provides plant-based cheeses, with the trade serving retail, foodservice and the commute channels. Thought to be the biggest manufacturer of smoked Gouda in america, the corporate provides private-label merchandise as smartly.
Gilman, which could also be founded in Wisconsin, is an own-label cheese producer. Borgman Capital purchased Gilman Cheese in 2019.
Sequoya Borgman, the investor’s founder and managing director, stated: “The folk, merchandise and legacy of Dairyfood USA be offering a wealth of advantages to Gilman Cheese. We’re fascinated by the synergies and expansion alternatives forward.”
Borgman Capital additionally counts Birmingham, Alabama-based Southern Meats in its meals portfolio, a manufacturer of frozen meats and greens.
Gilman Cheese president David Delgado will oversee the trade integration procedure. Dairyfood president and CEO Daniel Culligan plans to retire. Gilman employs 184 folks, whilst Dairyfood has a personnel of 149.
Culligan stated: “During the marketing procedure, it turned into distinctly obtrusive that Borgman Capital was once the fitting selection to steer Dairyfood USA into its subsequent bankruptcy. I’m assured that the long run is very brilliant for Dairyfood USA and Gilman Cheese.”
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