Daniele International, a producer of specialty Italian charcuterie and deli meats, has completed a merger with Creminelli Fine Meats, as it aims to expand its product offering and market presence.
Founded in 2007, Creminelli produces and distributes charcuterie and protein snacks, including charcuterie snack trays, deli trays, artisan salami, artisan deli, and salami minis.
With the merger, Daniele intends to “elevate the snacking and charcuterie experience in the US”, according to CEO David Finch.
Finch added: “We have been focused on identifying outstanding products to add to our portfolio and we are excited to be partnering with Creminelli.
“Their focus on innovation, product quality, and culinary artisanship are aligned with our values and history, making the company an amazing fit for Daniele. Together with the outstanding team at Creminelli, we plan on expanding into new markets and broadening our product offerings.”
Private equity firm Entrepreneurial Equity Partners (e2p) bought Daniele International in September last year and added the company to its portfolio of food and consumer packaged goods industries.
The merger marks e2p’s fourth transaction. Other investments include Sara Lee Frozen Bakery and Superior Cake Products.
e2p managing partner Mark Burgett said: “The merger with Creminelli Fine Meats is a great next step for Daniele as it looks to expand its presence and differentiated offering in the growing market for specialty protein snacks.”
Following the transaction, Chris Bowler, Creminelli’s CEO and co-founder, will continue to lead the Utah-headquartered business.
Bowler said: “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.
“We will be sharing the best of Creminelli with the best of Daniele and believe this transaction will enable us to continue our strong growth trajectory while expanding our values-guided mission.”
Financial details were not disclosed.
© FoodBev Media Ltd 2019