Private-equity firm New Water Capital Partners has acquired Dutch Gold Honey, a US-based producer of “ethically sourced” honey, from the Gamber family.
The transaction also involves the related businesses of McLure’s Honey & Maple Products, Gamber Container Company, The Bacon Jug Company and DGH Logistics.
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The financial terms of the deal were not disclosed.
Established in 1946 in Pennsylvania by Ralph and Luella Gamber, Dutch Gold Honey supplies grocery retailers, foodservice operators and institutional customers.
In a statement, Dutch Gold president Nancy Gamber said: “As we enter our next phase of growth, we are confident that New Water is the right partner for us, as they truly understand our business, our heritage and our unwavering dedication to delivering a superior product.”
Dutch Gold acquired McLure’s Honey & Maple Products and The Bacon Jug Company in 1997.
Meanwhile, Gamber Container and DGH Logistics were initially part of Dutch Gold Honey but were later spun off as independent entities.
Dutch Gold executive vice-president Jill Clark described the acquisition as a “special milestone” for the company and its employees.
“The partnership with New Water, in conjunction with the continued investment from the Gamber family, will provide the opportunity to bring our quality-focused products to even more consumers across the country.”
Based in Florida, New Water Capital said its acquisition of Dutch Gold Honey is the sixth investment in the consumer products industry in since 2017.
Most recently, in 2022, New Water Capital bought US bakery group Klosterman Baking Company.
New Water vice-president Nick LaRosa said: “For nearly 80 years, the Gamber family has consistently innovated and expanded its product portfolio and customer base, while always focusing on quality and service.
“With consumers increasingly demanding food products that they can trust, Dutch Gold’s commitment to transparency and traceability from hive to table makes it a compelling platform and a superb investment opportunity.”
