Sequel Holdings Announces Acquisition of Charley & Sons By Chairmans Foods
May. 17, 2021
DALLAS, TX - Sequel Holdings announced that in May 2021, Chairmans Foods, a Sequel portfolio company since July 2017, acquired the assets of Charley & Sons. The assets include Gordos® brand cheese dip sold at retailers throughout the United States, as well as a national distribution business that primarily sells Gordos branded cheeses and other products to the foodservice channel.
Chairmans Foods, headquartered in Nashville, Tennessee, manufactures fresh refrigerated food products to the retail and foodservice channels. The company’s products include (i) fresh, custom solutions for retailers, (ii) prepared entrees, soups, sauces and queso and (iii) fresh, branded and private label protein salads and cheese dips and spreads.
“The Charley & Sons acquisition is a transformative add-on for Chairmans,” said John Robinson, Chairman of the Board of Chairmans Foods. “Queso is a fast-growing category, and Gordos has loyal consumer following and longstanding customer relationships. The acquisition of Charley & Sons’ Atlanta plant offers us the opportunity to continue to expand our manufacturing capacity. We are very pleased to add Charley & Sons to the Chairmans team.”
About Sequel Holdings, L.P.
Sequel Holdings is a Dallas-based private equity firm founded in 2002. Sequel specializes in making equity investments in profitable lower middle market businesses, focused primarily on the food and beverage industry, as well as select opportunities in the agribusiness, and plastics and specialty materials sectors.