Huron Capital Partners LLC announced that its portfolio company, Ronnoco Coffee, LLC, 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.
"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," Scott Meader, CEO of Ronnoco, said in a prepared statement,
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.
