BOCA RATON, Fla., March 3, 2025 -- An affiliate of New Water Capital Partners II L.P. ("New Water" or "the Firm"), a Boca Raton-based private equity investment firm focused on lower-middle market companies, has acquired Dutch Gold Honey ("Dutch Gold"), a top U.S. producer of best-in-class, ethically sourced honey, and the related businesses of McLure's Honey & Maple Products, Gamber Container Company, The Bacon Jug Company and DGH Logistics.
Founded in 1946 in Lancaster, Pennsylvania, by Ralph and Luella Gamber, Dutch Gold has grown from a backyard business into a nationwide provider of honey, well known for inventing the iconic squeezable plastic honey bear container. The company's customers include iconic brands, restaurants and foodservice operators, big box grocery retailers and institutional customers. Dutch Gold honey is used in a variety of products, such as salad dressings, cereals, yogurt, and sauces.
Gamber Container, a national distributor of empty containers and closures, and DGH Logistics, a transportation company, were originally part of Dutch Gold Honey. Both were eventually established as independent companies as their business expanded. McLure's Honey & Maple Products and The Bacon Jug Company were acquired by Dutch Gold Honey in 1997.
Nick LaRosa, Vice President at New Water, said, "We are excited to announce the acquisition of Dutch Gold, a true pioneer and leader in the American honey industry. For nearly 80 years, the Gamber family has consistently innovated and expanded its product portfolio and customer base, while always focusing on quality and service. With consumers increasingly demanding food products that they can trust, Dutch Gold's commitment to transparency and traceability from hive to table makes it a compelling platform and a superb investment opportunity."
Jason Neimark, Partner at New Water, said, "This transaction underscores the Firm's focus on investing in family and founder-led business with significant growth potential. We look forward to accelerating Dutch Gold's momentum through additional investments in capacity, operational systems and organizational resources, as they meet increasing consumer demand for natural sweeteners, particularly organic and raw honey."
Nancy Gamber, President of Dutch Gold, said, "For generations, we have been proud to set the standard for the highest quality honey across the country. As we enter our next phase of growth, we are confident that New Water is the right partner for us, as they truly understand our business, our heritage, and our unwavering dedication to delivering a superior product."
Jill Clark, Executive Vice President of Dutch Gold, said, "This is a special milestone for our team members, each of whom bring so much passion to their work. Their commitment has propelled Dutch Gold and positioned the company for success. The partnership with New Water, in conjunction with the continued investment from the Gamber family, will provide the opportunity to bring our quality-focused products to even more consumers across the country."
The acquisition of Dutch Gold represents New Water's sixth investment in the consumer products industry in recent years, including Klosterman Baking Company, Trillium Health Care Products, Custom Made Meals, The Perfect Bite Co, and Pegasus Foods, Inc.
About New Water Capital L.P.
New Water Capital L.P. is a private equity firm focused on lower-middle market companies in the consumer products and industrial manufacturing and services sectors with revenues of $30 million to $300 million. New Water Capital's collaborative transaction and operating model is built specifically to support companies in transition, building on their unique cultures and strengths. For more information, please visit www.newwatercap.com.
About Dutch Gold Honey
Dutch Gold Honey is a leading producer of best-in-class, ethically sourced honey and maple syrup products. Founded in 1946 as a small, backyard business in Lancaster, Pennsylvania, Dutch Gold has become one of the largest independent honey packaging businesses in the country. Today, it is comprised of several business: McLure's Honey & Maple Products, Gamber Container Company, The Bacon Jug Company and DGH Logistics. For more information, please visit www.dutchgoldhoney.com/.
Contact
Daniel Yunger / Simone Leung
Kekst CNC
(212) 521-4800
daniel.yunger@kekstcnc.com / simone.leung@kekstcnc.com
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