Glencoe Capital Management has acquired Robert Rothschild Farm, a nationally known business and major local employer just outside Urbana known for its gourmet sauces, dips and other food products.
Details of the agreement weren't disclosed, but information from the Champaign County Auditor’s Office shows Rothschild’s property at 3143 E. U.S. 36 was recently acquired by the Cincinnati Preserving Co. for close to $4 million.
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Chicago-based Glencoe said in a statement that Rothschild Farm will combine with Cincinnati-based Clearbrook Farms, a fruit-based food manufacturer Glencoe acquired in 2016.
“Rothschild has strong brand awareness and a focus on innovative products that are recognized as best-in-class within the specialty food market,” David Evans, chairman and CEO of Glencoe said in a statement. “This is an investment in long-term growth. These two businesses are compelling specialty food providers with a strong future together, serving customers’ rapidly growing desire for all-natural, premium food products.”
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