Fairmount Food Group, LLC (FFG) is a food industrial company headquartered in
Dallas
Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...
,
Texas
Texas (, ; Spanish language, Spanish: ''Texas'', ''Tejas'') is a state in the South Central United States, South Central region of the United States. At 268,596 square miles (695,662 km2), and with more than 29.1 million residents in 2 ...
. Established in 2003 by Bing Graffunder (CEO) and Sam Hillin (CFO), the company began with an initial $200 million in
equity financing
In finance, equity is ownership of assets that may have debts or other Liability (financial accounting), liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For exampl ...
from
GTCR Golder Rauner
GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & tec ...
with the purpose of buying out growth companies in the industry.
Companies
, the portfolio of companies (all of them being specialty and deli-style
cheese
Cheese is a dairy product produced in wide ranges of flavors, textures, and forms by coagulation of the milk protein casein. It comprises proteins and fat from milk, usually the milk of cows, buffalo, goats, or sheep. During production, ...
companies) which continue to operate under their own identities include:
*
DCI Cheese Company DCI Cheese Company is a United States food industry company specializing in cheese, headquartered in Richfield, Wisconsin (in Mayville, Wisconsin before 2005). Established in 1975 as Dan Carter, Inc., a consulting firm for cheesemakers, it rapidly g ...
(acquired April 2005), (sold 2011)
*Green Bay Cheese Company (acq. February 2006),
*G&G Foods (acq. June 2006),
*Swissrose International (acq. August 2006)
*Advantage Foods (Advantage International Foods Corporation, acquired from
ConAgra
Conagra Brands, Inc. (formerly ConAgra Foods) is an American consumer packaged goods holding company headquartered in Chicago, Illinois. Conagra makes and sells products under various brand names that are available in supermarkets, restaurants, ...
,
Omaha, Nebraska
Omaha ( ) is the largest city in the U.S. state of Nebraska and the county seat of Douglas County. Omaha is in the Midwestern United States on the Missouri River, about north of the mouth of the Platte River. The nation's 39th-largest cit ...
in September 2007
[News – Advantage International Foods Corporation]
/ref>).
Other acquisitions include Carter/Meister LLC[ (a supplier for DCI Cheese). These acquisitions have made Fairmount Food Group one of the largest importers and marketers of specialty and deli-style cheese in the United States."Industry News"]
, ''Gourmet Retailer Magazine'', December 01, 2007
See also
* List of dairy product companies in the United States
This is a list of dairy product companies in the United States. A dairy product is food produced from the milk of mammals. Dairy products are usually high energy-yielding food products. A production plant for the processing of milk is called a dair ...
References
{{Reflist, 2
Companies based in Dallas
Dairy products companies of the United States