Huron Capital Coffee Platform Acquires International Blends
DETROIT, Mich., April 8, 2013 – Huron Capital Partners LLC (“Huron”) announced today that its portfolio company, Ronnoco Coffee, LLC (“Ronnoco”), has acquired International Blends. International Blends is a distributor of coffee and other related products to convenience stores, restaurants, and offices. The transaction brings Ronnoco and International Blends together and expands Ronnoco’s service area in its core markets.
Scott Meader, CEO of Ronnoco, noted, “We are very excited to partner with International Blends and have the opportunity to serve their customer base. International Blends is a well-known name in its geography and we believe it fits well into the strategic acquisition plan that we are currently pursuing in partnership with Huron Capital.”
Huron originally invested in Ronnoco in July 2012, and was attracted to the company’s outstanding reputation in the industry, high quality product offering, and differentiated service model. “When we partnered with Ronnoco, our plan was to continue growing the business through geographic expansion, new product offerings and strategic acquisitions. The International Blends acquisition is a great first step and we look forward to pursuing additional acquisition opportunities with the Ronnoco management team,” said Huron Senior Partner John Higgins.
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.