May 29, 2018
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Rogue Creamery (“Rogue”), an award-winning artisanal cheese maker based in Medford, Oregon, in its strategic partnership with Savencia Fromage & Dairy, a leading French cheese and dairy company listed with Euronext, Paris.
“Rogue Creamery is a unique player in the increasingly popular farmstead and artisan cheese category. David Gremmels, Rogue’s CEO, and his team not only produce some of the finest and most innovative blue and cheddar organic cheeses in the world, but have created a vertically-integrated company that guarantees consumers the most healthy, flavorful, and authentic products available today,” explained John C. Siegler, the Cascadia Managing Director responsible for this transaction.
This international partnership with Savencia provides the Rogue brand with accelerated growth through additional investment in product inventory and variety, as well as broader and deeper distribution. By adding Rogue to its international family of specialty cheese and gourmet brands, Savencia has established Rogue as a platform to expand its U.S. presence in one of the most rapidly growing segments of the cheese and dairy market.
“We are excited to join the Savencia family, which offers great opportunities to further fuel our growth and preserve our unique culture and products,” said David Gremmels. “Thanks to the Cascadia team, who understood ‘our story’ and effectively articulated our value proposition, we were able to structure a balanced transaction aligning my vision for Rogue with Savencia’s desire to further penetrate the dynamic U.S. artisan cheese market.”
“Rogue will strengthen our leadership in specialty cheeses and perfectly complement our high-end portfolio of award-winning cheeses and dairy products,” echoed Dominque Huth, CEO of Savencia Cheese USA. “We are very appreciative of the Cascadia team who handled this complex process in the most professional and even-handed manner. We look forward to working with Cascadia in the future.”
Bringing together Rogue and Savencia in this partnership represents another successful transaction of an entrepreneur-led branded consumer business for the Cascadia Consumer and Retail team in the food and beverage space. Recent notable transactions include Bubbies Ice Cream & Desserts, Humm Kombucha, Salumi Artisan Meats, Boyd’s Coffee, Black Bear Diner and Tillamook Country Smoker.