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Charcuterie Artisans eyes production boost with La Quercia buy
Yahoo Finance· 2026-01-23 11:19
Core Insights - Charcuterie Artisans has acquired La Quercia Cured Meats, gaining ownership of its production plant in Norwalk, Iowa, and its entire product portfolio [1][2] - The acquisition aims to expand Charcuterie Artisans' portfolio of premium domestic charcuterie and enhance production capacity while honoring traditional methods [2][5] - Charcuterie Artisans plans to modernize the Norwalk facility, increasing its production capacity by 50%, focusing exclusively on prosciutto [4] Company Overview - Charcuterie Artisans is the parent company of Creminelli Fine Meats and Daniele, operating 660,000 square feet of manufacturing space across multiple locations and employing over 700 people [4][5] - La Quercia, founded in 2005, specializes in artisan American cured meats, including prosciutto and pancetta, and is known for its antibiotic-free products [2][3] - The acquisition follows a significant investment from an Industrial Opportunity Partners-managed fund aimed at expanding capacity and driving innovation [5] Strategic Intent - The CEO of Charcuterie Artisans views La Quercia as a "natural fit," emphasizing the alignment of their dedication to craft and quality [5][6] - The company intends to retain La Quercia's employees and maintain collaboration with the Lynch family and Premium Iowa Pork [3]
Noel Alimentaria takes minority stake in Garrudo Benito
Yahoo Finance· 2025-10-06 12:53
Core Insights - Noel Alimentaria has acquired a 25% stake in Garrudo Benito, with plans to increase this to 50% by 2028 to enhance its presence in the Iberian meat market and secure raw material supply [1][3] - The partnership aims to double Iberian product sales and support international expansion, leveraging Garrudo Benito's expertise and premium product offerings [2][3] Group 1: Acquisition Details - The financial terms of the acquisition were not disclosed, but Noel aims to gradually increase its stake in Garrudo Benito [1] - The acquisition is part of a strategy to secure and expand Noel's presence in the Iberian meats sector [1] Group 2: Company Background - Garrudo Benito, founded in 1967 and based in Piedrahíta, operates the only Iberian pig slaughterhouse and cutting plant approved by Marks & Spencer in the UK [2] - Noel Alimentaria produces a variety of products including cooked and cured ham, charcuterie, and ready-made items, with a brand portfolio that includes Delizias Finas and Fuet/Serrano [3] Group 3: Market Strategy and Expansion - The companies are responding to rising consumption of Iberian ham, particularly 100% acorn-fed products, and plan to invest in a new curing facility with a capacity of 500,000 Iberian hams per year [4] - The partnership will focus on joint product development, including sliced items for gourmet and mass retail channels, targeting both domestic and export markets [4][5]
Charcuterie Artisans gets new private-equity owner
Yahoo Finance· 2025-09-10 11:10
US firm Charcuterie Artisans has been acquired by an investment fund managed by Industrial Opportunity Partners. In a statement, Charcuterie Artisans, the parent company of Creminelli Fine Meats and Daniele, said IOP is making a “significant new investment” into the business. The financial terms of deal and investment were not disclosed. In the statement, the company said the investment would be used to “expand capacity, strengthen customer partnerships, and drive innovation”. Charcuterie Artisans mark ...