Daily News: September 5, 2012

Huron Capital Completes Ronnoco Coffee Recap

Huron Capital Partners announced it has recapitalized Ronnoco Holdings in a transaction marking the 60th investment overall for Huron.

Huron said the Ronnoco transaction builds on Huron’s prior experience and success investing in consumer product and food businesses. This latest investment was made through The Huron Fund III, a $350 million private equity fund raised in 2008.

“With a solid management team in place, significant excess capacity, and several avenues for continued growth, we believe Ronnoco is a solid platform on which to build,” said Huron partner John Higgins. “We are excited to be partnering with the Ronnoco team and working with them in growing the business going forward.”

St. Louis, MO-based, Ronnoco manufactures and distributes premium quality coffee, tea and related products sold to convenience stores, foodservice outlets and offices throughout the central United States.