Private equity firm acquires C.H. Guenther & Sons
CHG is a family-owned manufacturer and marketer of a wide variety of grain-based and seasoning products, including frozen appetizers and more.
PPC Partners, Chicago, acquired C.H. Guenther & Sons Inc. (CHG), a San Antonio, Texas-based producer of branded and private label food products for foodservice, quick-serve restaurants, club and retail customers around the globe.
CHG is a family-owned manufacturer and marketer of a wide variety of grain-based and seasoning products, including frozen appetizers and more. The company employs more than 2,500 people in 19 SQF level 3 food manufacturing locations in the United States, Canada and Western Europe.
“For over 166 years, C.H. Guenther has provided innovative products with excellent customer service to leading global customers. We’re excited to partner with a group like PPC Partners that shares our values and commitment to employees, customers and suppliers,” says Dale Tremblay, chief executive officer of C.H. Guenther.
The company will continue to maintain headquarter offices and technical service center in San Antonio.
“CHG is a clear market leader with an outstanding management team,” says Tony Pritzker, chairman and CEO of PPC Partners. “Combining our flexible capital base and industry knowledge with this management team will enable the company to generate new opportunities for growth while continuing the family legacy.”
“CHG has a long history of partnering with customers to provide iconic and high-quality products and services. We are delighted to partner with Dale Tremblay, CEO, and his team for the next chapter of CHG’s growth, both through organic initiatives and accretive acquisitions,” says Michael Nelson, PPC Partners investment partner. “We believe CHG represents an excellent platform for us to accelerate our investment in the food manufacturing sector.”