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Huron Capital’s Coffee Platform Ronnoco Completes Second Add-on
DETROIT, Mich., November 5, 2013 – Huron Capital Partners LLC (Huron) announced today that its portfolio company, Ronnoco Coffee (Ronnoco), of St. Louis, MO, has acquired Henderson Coffee Corporation (Henderson). Based in Muskogee, OK, Henderson manufactures and distributes coffee, tea, and related products and equipment to restaurants, casinos and convenience stores throughout the state of Oklahoma and into the neighboring states of Arkansas, Missouri, and Kansas.
“Henderson Coffee has a long, rich tradition of providing quality products and service to customers and coffee lovers throughout Oklahoma,” said Ronnoco Coffee Chief Executive Officer Scott Meader. “We are excited about working with the exceptional talent at Henderson who have helped to make the company so successful.”
Henderson Coffee Corporation was founded in 1923 and until today had been owned by Mark Plaster and Mark Truitt. Ronnoco has invested in Henderson to accelerate its growth and continue its legacy of superior coffee and superior service. Plaster and Truitt have agreed to stay on with Ronnoco and will continue to be valuable leaders in the company, and the Henderson brand of coffee will continue to be sold.
Huron originally invested in Ronnoco in July 2012, and Henderson represents the second add-on investment to the Ronnoco platform, after Ronnoco acquired International Blends earlier this year.
“With this second add-on acquisition in 2013, Ronnoco continues to grow its geographic reach and expand its product lines,” added Huron Partner John Higgins. “We are excited about working with the Ronnoco team to pursue additional growth initiatives.”
Certain information herein may contain forward-looking statements which are provided to assist the reader in understanding the beliefs and opinions with respect to future opportunities as perceived by Huron Capital and others quoted herein. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance in future periods to differ materially from any projections or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The issuer of these statements undertakes no obligation to update forward-looking statements if circumstances or estimates or opinions should change except as may be required by applicable securities laws.
