Modesto, California - Guardian Capital Partners has acquired Nugredient Solutions in a move designed to support future growth and expansion in the specialty ingredient market.
The financial details of the transaction were not disclosed.
Nugredient Solutions develops and manufactures specialty nut-based ingredient solutions along with other plant-based ingredients for foodservice companies and consumer packaged goods manufacturers.
The company was founded in 2008 by Bob Farinha, who will continue leading the company’s executive team while also retaining an ownership stake in the business.
Guardian Capital Partners said Nugredient aligns closely with its food and beverage investment strategy because of the company’s strong product capabilities and position within growing plant-based ingredient categories.
The acquisition marks Guardian’s first platform investment within the food and beverage sector under its Priority Sector Program.
“Nugredient is directly aligned with the investment criteria we had outlined as part of Guardian’s Food & Beverage GPS program: a founder-built business with differentiated capabilities in a growing, on-trend ingredient category,” said Molly Borowski, principal at Guardian. “We look forward to supporting the team as they continue to invest in their R&D and manufacturing capabilities to support their customers’ growth.”
Company leaders say the new partnership will help strengthen Nugredient’s manufacturing operations, expand research and development efforts, and improve customized ingredient capabilities for customers across the food industry.
“The partnership with Guardian represents an exciting milestone for Nugredient as we enter our next phase of growth,” Farinha said. “Through our partnership with Guardian, we can continue to deepen our relationships with existing customers, expand our customized capabilities to new customers and further invest in the company’s development and manufacturing capabilities, ensuring Nugredient continues to deliver the highest quality service and customized ingredient products our customers have grown to expect.”
Industry demand for plant-based and specialty ingredients continues growing as food manufacturers seek new ingredient solutions for bakery, snack, beverage, and prepared food products.
The investment is expected to support Nugredient’s long-term growth while helping the company expand its customer base and manufacturing capabilities.
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