FOR IMMEDIATE RELEASE // SEATTLE, WASHINGTON – We are excited to announce the successful acquisition of our client, Madrona Specialty Foods, LLC doing business as La Panzanella Artisanal Foods Co., by Dare Foods Limited of Cambridge, Ontario, Canada. Meridian Capital served as the exclusive financial advisor to La Panzanella on the transaction.
ABOUT LA PANZANELLA
ABOUT DARE FOODS LIMITED
Dare Foods Limited has been in operation for over 125 years. It is a privately-owned, multi-national business with 7 manufacturing plants and over 1,200 employees. The Company produces a wide variety of snack foods in the cookie, cracker, fine bread, and candy categories. Dare’s products are sold throughout North America, Mexico, Sweden, the Far East and are distributed in over 40 countries around the world.
“La Panzanella has evolved into a clear leader in its category given its award winning, artisanal products that address evolving consumer trends and demands. This acquisition positions the business and management team for further expansion with a partner who we believe will be an excellent steward of the La Panzanella brand.”
Michael Barber, Managing Director