Entrepreneurial Equity Partners (e2p), a Chicago-based private equity firm focused on the food and consumer packaged goods industries, has acquired Daniele International (Daniele) from the Dukcevich family, who will maintain a significant stake in the Company.
The investment is the second platform and third acquisition for e2p’s inaugural fund.
Founded in 1945, Daniele produces specialty Italian charcuterie and deli meats, including prosciutto, salame, and snack packs. The Company sells to hundreds of club, mass, and grocery customers under the Daniele and Del Duca brands and offers private label products for retailers. It is headquartered in Mapleville, Rhode Island and employs approximately 600 people across three facilities.
e2p Managing Partner Mark Burgett says: “I have known the Dukcevich family and Daniele for many years, and we are incredibly excited to add Daniele to our e2p portfolio. Daniele has developed industry-leading brands and product offerings as a result of its dedication to authenticity, quality and strong product innovation.”
e2p Managing Partner CJ Fraleigh adds: “We are excited to leverage our experience and networks in the food industry to help Daniele continue to identify and capture growth opportunities.”
Daniele’s CEO, Vlado Dukcevich, says: “Our family has dedicated over 70 years to growing Daniele. We selected e2p as our partner for the Company’s next stage because of their blend of hands-on operational experience and demonstrated ability to create value in food companies for all stakeholders. I know our amazing team of dedicated employees is excited to pursue even more opportunities to thrive with this important partnership. We look forward to continuing to provide our customers with the high-quality products they’ve come to know and love, and much more.”