Consumer, Food, Beverage & Agribusiness
La Panzanella Artisanal Foods Co. Has Been Acquired by Dare Foods Limited
Published February 6, 2019
FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – We are excited to announce the successful acquisition of our client, Madrona Specialty Foods, LLC doing business as La Panzanella Artisanal Foods Co., by Dare Foods Limited of Cambridge, Ontario, Canada. Meridian Capital served as the exclusive financial advisor to La Panzanella on the transaction.
ABOUT LA PANZANELLA
Launched over two decades ago from a neighborhood bakery in Seattle, La Panzanella has grown to become a leading consumer brand in premium artisanal snacking products. The Company produces specialty crackers and cookies sold through natural, conventional grocery, mass and club channels across the United States. La Panzanella’s established brand and long-standing commitment to best-in-class manufacturing using only the highest quality ingredients have generated a strong, loyal following with consumers, making its best-selling cracker – the “Mini Croccantini” – number one in its category and a household name.
ABOUT DARE FOODS LIMITED
Dare Foods Limited has been in operation for over 125 years. It is a privately-owned, multi-national business with 7 manufacturing plants and over 1,200 employees. The Company produces a wide variety of snack foods in the cookie, cracker, fine bread, and candy categories. Dare’s products are sold throughout North America, Mexico, Sweden, the Far East and are distributed in over 40 countries around the world.
“We are extremely proud to see La Panzanella products and operations joining the Dare family. It was very important for us to find the right partner who shared our vision and values, and Dare proved to be the ideal fit. Michael and the Meridian Capital team did an excellent job navigating our search for the right partner. Their commitment to client service alongside deep knowledge of the food & beverage space made for a smooth and efficient process. I could not be happier with the outcome.”
Paul Pigott, Owner
La Panzanella Artisanal Foods Co.
“La Panzanella has evolved into a clear leader in its category given its award winning, artisanal products that address evolving consumer trends and demands. This acquisition positions the business and management team for further expansion with a partner who we believe will be an excellent steward of the La Panzanella brand.”
Michael Barber, Managing Director
Meridian Capital
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About Meridian Capital
Meridian Capital LLC is a leading independent middle market M&A advisory firm with locations in Seattle, Salt Lake City, the Bay Area, and Portland. Meridian has served as a trusted advisor to business owners on complex corporate finance, M&A and strategic challenges for over 29 years. The firm differentiates itself through its deep industry insights, highly customized service approach, and end-to-end commitment to execution. With a unique combination of financial, transactional, and operational professionals on your side, Meridian offers the depth and breadth of experience required to serve leading middle market companies in multiple sectors including aerospace defense & space, food, beverage & agribusiness, business services, consumer, diversified industrials, engineering & construction, building products, technology, and telecommunications. Meridian also offers clients unparalleled cross-border capabilities through its REACH M&A Partners network.
