US cheese business Sonoma Creamery has attracted investment from local private-equity firm Svoboda Capital Partners.
Chicago-based Svoboda has announced a US$10m “equity investment” but did not disclose further details.
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Sonoma Creamery, which makes cheese and cheese snacks, declined to comment further on the investment or on the identity of its other shareholders when approached by just-food.
Money from Svoboda will be used to support the company’s plans to develop new products, hire “key personnel” and the addition of production capacity. “We have been impressed with Sonoma’s ability to innovate and grow in the exciting healthy snack category,” Svoboda managing director Jeff Piper said. “We are looking forward to collaborating with the Sonoma management team to enhance the long-term growth and success of the company.”
John Crean, Sonoma Creamery’s president and CEO, said the company was “excited to have a new partner who shares our belief in making addictively healthy cheese snacks from the highest quality, simplest ingredients”.
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