Goldner Hawn exits Cameron’s Coffee


Goldner Hawn has sold Cameron’s Coffee to Grupo Nutresa S.A. No financial terms were disclosed. Piper Jaffray was financial adviser to Goldner Hawn and Cameron’s Coffee with Faegre Baker Daniels serving as legal adviser. Minnesota-based Cameron’s Coffee is a provider of both branded and private label coffee products to the retail grocery marketplace.

PRESS RELEASE

Minneapolis, MN – Goldner Hawn is pleased to announce the sale of its portfolio company Cameron’s Coffee to Grupo Nutresa S.A. (BVC: NUTRESA). Cameron’s Coffee is a producer of specialty-grade, high-quality coffee and a leading provider of both branded and private label coffee products to the retail grocery marketplace. Goldner Hawn partnered with owner Bill Kirkpatrick to recapitalize Cameron’s in 2014 in support of the company’s continued growth trajectory. With the addition of CEO Bob Waldron and a stellar management team, Cameron’s more than doubled in revenue and saw exceptional growth across both branded and private label coffee offerings.

“Cameron’s was an outstanding business to be involved with,” said Tim Johnson, the Chairman of Cameron’s Coffee and a Partner with Goldner Hawn. “It was a pleasure to work alongside management and an outstanding Board of Directors to invest in the growth of a once regional coffee business that we believe will continue to be a powerful force in the national coffee landscape for years to come.”

“The Goldner Hawn team has been a great partner to us and supported significant investment in both production and human capital to allow Cameron’s to flourish,” said Bob Waldron, CEO of Cameron’s Coffee. “We are excited to take this next step with Grupo Nutresa and to leverage their scale and experience in coffee and the broader CPG sector to continue to deliver outstanding products and services to our customers.”

Piper Jaffray served as financial advisor to Goldner Hawn and Cameron’s Coffee, with Faegre Baker Daniels serving as legal advisor.

About Goldner Hawn
Goldner Hawn was founded in 1989 in Minneapolis, Minnesota and has been a source of private capital to leading lower middle market companies for the past 30 years. With an investment philosophy centered on the principle of partnership, Goldner Hawn is looking to back management teams of businesses with $5 million to $20 million of EBITDA in industries including industrial manufacturing, value-added distribution, consumer products and services, and outsourced business services. Goldner Hawn has made over 40 platform investments in companies with total transaction values approaching $3 billion. For more information, call 612-338-5912 or visit www.goldnerhawn.com.

About Cameron’s Coffee
Cameron’s is a producer of premium, specialty-grade coffee and a leading provider of both branded and private label coffee products. The Company’s offerings include single serve coffee pods, bagged whole bean and ground coffee, and bulk whole bean coffee (as well as select tea products) predominantly for customers in the retail grocery sector. Cameron’s operates from a state-of-the-art roasting and production facility in Shakopee, MN where it employs best-in-class practices to ensure quality and sustainable coffee. The Company travels the world to source high-quality Arabica beans. Cameron’s is headquartered and roasts / packs in Shakopee, MN. For more information, please visit www.cameronscoffee.com.

About Grupo Nutresa
Grupo Nutresa is the leading processed food company in Colombia with a 59% consolidated market share, and one of the most relevant players in the sector in Latin America with close to USD $3.1 billion in sales in 8 business units: Cold Cuts, Biscuits, Chocolates, Tresmontes Lucchetti –TMLUC-, Coffee, Retail Food, Ice Cream and Pasta. With nearly 100 years of history, Grupo Nutresa is a diversified organization in terms of geographies products and commodities with direct presence in 14 countries and international sales amounting to USD $1.1 billion in more than 75 countries. The company was included, for the 8th consecutive year. in the Dow Jones Sustainability World Index (DJSI) 2018, which places it among the best companies in the world in terms of corporate sustainability. For more information, please visit www.gruponutresa.com.