Welcome Dairy Holdings Acquires North Star Processing

Heartisan Foods Acquires North Country Packaging

September 8, 2023

Food & Beverage

Heartisan Foods, a Ronin Equity Partners-backed specialty cheese platform, has acquired North Country Packaging, a Barron County maker of cheese spreads and curds. The deal will triple Heartisan's manufacturing capacity, expand fulfillment for its Cheese Brothers e-commerce brand, and support new product launches; North Country co-founders Kendall and Maria Goossen will retain a meaningful stake in the combined business.

MXD Process Acquires Heritage Equipment Company

May 31, 2023

Manufacturing

MXD Process has acquired Heritage Equipment Company and its wholly owned subsidiary BCast Stainless Products, integrating Heritage’s 40+ years of process equipment experience and manufacturing capabilities into MXD’s operations. The acquisition expands MXD’s production capacity and product offering for dairy, beverage and industrial fluid processing markets; Heritage will continue to operate from its Plain City, Ohio facility and its brands will be maintained in the near term.

Anderson Process Acquires Neil Dornbusch & Associates

October 4, 2022

Industrial Services

Anderson Process, a Brookfield, Wisconsin-based supplier of process equipment and services, has acquired Neil Dornbusch & Associates, a pump distributor and custom fabricator headquartered in New Prague, Minnesota. The acquisition expands Anderson Process’s Midwest footprint and complements its product and service offerings across food processing, wastewater, aggregate and mining end markets.

Borgman Capital Acquires Dairyfood USA as Add-on to Gilman Cheese

May 31, 2022

Food & Beverage

Milwaukee private equity firm Borgman Capital completed the add-on acquisition of Dairyfood USA, a specialty extended shelf-life cheese processor headquartered in Blue Mounds, Wisconsin. The acquisition will be integrated with Borgman’s platform company Gilman Cheese Corporation to expand product mix, increase production capacity and realize synergies across retail, foodservice and transportation customers.

Aurora Capital Partners Acquires Spray-Tek, LLC

December 20, 2021

Food & Beverage

Aurora Capital Partners has acquired Spray-Tek, LLC, a North American leader in specialized spray drying and ingredient processing solutions serving food & beverage, personal and home care, and pharmaceutical/nutraceutical markets. Aurora will partner with Spray-Tek's management to resource growth initiatives, expand drying capacity and capabilities, and accelerate both organic and inorganic growth.

New Heritage Capital Invests in Welcome Dairy

June 23, 2019

Food & Beverage

New Heritage Capital completed a minority recapitalization investment in Wisconsin-based Welcome Dairy Holdings, LLC, providing founders liquidity while leaving operating control with the reinvesting management team. Five Points Capital provided last-out unitranche term debt to support the transaction, which is intended to accelerate Welcome Dairy's growth by leveraging its R&D and manufacturing capabilities in dairy flavorings, cheese sauces, seasonings and functional cheese.