New Water Capital Expands Portfolio with Dutch Gold Honey
New Water Capital Acquires Dutch Gold Honey
New Water Capital Partners II L.P. is pleased to announce the acquisition of Dutch Gold Honey, a renowned producer of ethically sourced honey along with several affiliated businesses including McLure's Honey & Maple Products and Gamber Container Company. This acquisition is a significant step for New Water as it focuses on investing in lower-middle market companies with great potential for expansion.
The Legacy of Dutch Gold Honey
Founded in 1946 by Ralph and Luella Gamber, Dutch Gold Honey began as a small operation and has transformed over the years into a prominent name in the honey industry. Known for their innovative squeezable honey bear container, the company has built a reputation for quality among various clientele including restaurants and major grocery chains. Their honey is utilized in diverse food items such as salad dressings, cereals, and sauces, showcasing its versatility.
Expanding the Business
The company also includes Gamber Container and DGH Logistics, originally part of Dutch Gold, which have evolved into independent entities due to their growth. McLure's Honey & Maple Products and The Bacon Jug Company joined the Dutch Gold family in 1997, further strengthening its position in the market.
Management Insights
Nick LaRosa, Vice President at New Water, expressed enthusiasm for the new partnership, emphasizing Dutch Gold’s long-standing commitment to quality and innovation. He highlighted the company's trustworthiness, precisely the type of attribute consumers seek these days. Jason Neimark, Partner at New Water, echoed this by mentioning the transaction’s alignment with their investment strategy, which focuses on family-owned businesses ready for substantial growth.
Looking Ahead
As they prepare for future growth, Dutch Gold's leadership team including President Nancy Gamber and Executive Vice President Jill Clark, believe this partnership will open new channels for the company’s quality products. The collaboration, alongside continuous investments, will ensure that Dutch Gold can further meet the rising demand for natural sweeteners, particularly organic options.
New Water's Investment Strategy
With this acquisition, New Water continues its trajectory within the consumer products industry. Dutch Gold is a noteworthy addition to a portfolio that includes other successful investments such as Klosterman Baking Company and Pegasus Foods, Inc. This strategy solidifies New Water's commitment to fostering growth in businesses that prioritize quality and community values.
Committing to Quality
As New Water partners with Dutch Gold, they are set to build upon the legacy established by the Gamber family. Their mutual goals revolve around enhancing product quality and expanding market reach while ensuring the brand's commitment to superior service remains uncompromised. This partnership not only enriches New Water's portfolio but also strengthens the community ties Dutch Gold has nurtured over decades.
Frequently Asked Questions
What is New Water Capital?
New Water Capital is a private equity firm specializing in lower-middle market companies across the consumer products and industrial sectors.
When was Dutch Gold Honey founded?
Dutch Gold Honey was established in 1946 in Pennsylvania and has become a leading name in ethical honey production.
What businesses are included in the Dutch Gold acquisition?
The acquisition includes McLure's Honey & Maple Products, Gamber Container Company, The Bacon Jug Company, and DGH Logistics.
What are the future plans for Dutch Gold Honey?
The leadership aims to expand market reach and enhance production capacities while focusing on quality and sustainability.
How will New Water support Dutch Gold's growth?
New Water plans to invest in operational systems and resources to foster Dutch Gold's response to the growing demand for natural sweeteners.
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