US-based Cascade Coffee has received backing from LaSalle Capital, a private-equity firm focused on the food and beverage sectors.
Financial details were not disclosed.
Based in Everett, Washington, Cascade Coffee is a roaster and grinder of retail and private-label coffee products.
The business will continue to be led by CEO John Gilbert. He said: “We are excited to embark on what we are calling ‘Cascade 3.0,’ where we plan to further expand our capabilities and build Cascade into the pre-eminent partner for coffee brands.
“LaSalle is the right partner for this next chapter at Cascade, and we look forward to leveraging their expertise in food and beverage manufacturing and alignment with management to help us achieve our goals.”
Cascade can produce circa 50 million pounds of coffee annually. Alongside six Probat batch roasters, Cascade Coffee has 17 packaging lines that can produce packages ranging in size for retail, foodservice and club-store clients.
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By GlobalDataAndrew Dzwonchyk, partner at LaSalle Capital, said: “John and his team have built a preeminent reputation around manufacturing the highest quality coffee with the broadest array of capabilities that allow them to serve as a thought leader and brand partner for their customers.
“We are excited to build upon the strong foundation already constructed to support the team as they further enhance Cascade’s capabilities, unique product offerings, and national presence in the coffee industry.”
Just Drinks has contacted both companies for further details.
Cascade was acquired by Washington-headquartered private-equity firm Westward Partners in 2020. However, the firm has now exited the coffee business as LaSalle has acquired a stake.
