Arbor Investments acquires DPI Specialty Foods from Ornua Cooperative
Chicago-based Arbor Investments completed the acquisition of a majority equity stake in DPI Specialty Foods, Inc., Ontario, Calif., from Dublin, Ireland-based Ornua Cooperative Ltd. Ornua will retain a minority equity interest in the company, and DPI's existing senior management will continue to lead the organization.
DPI is said to be one of the largest specialty food distributors in the United States, with approximately 1,800 employees and annual revenues in excess of $1 billion. DPI sells gourmet, ethnic, organic and better-for-you foods to national, regional and independent retailers, quick-service restaurants and foodservice operators through eight distribution centers nationwide.