Gehl Foods acquired by investment firm

Freeman Staff

March 27, 2015

GERMANTOWN —Gehl Foods announced Friday that it has been acquired by investment firm Wind Point Partners. Financial details were not disclosed.

According to the announcement, Wind Point Partners is an investment firm “known for unlocking growth potential in mid-size companies. ”Germantown-based Gehl Foods is a leading producer of ready-to-serve, real dairy products and reported sales of nearly $250 million last year.

Katherine Gehl, who returned to the company full time in 2007 and succeeded her father, John, and her brother, Andy, as president and CEO in 2011, is handing over management to Eric Beringause, who was previously CEO of Wisconsin-based Sturm Foods. He will become the new chief executive immediately, according to the announcement. Gehl will continue as a member of the Board of Directors.

“Wind Point’s investment in Gehl Foods reflects our belief in the company’s continued growth potential following the outstanding track record and significant investments in technology and people under Katherine Gehl’s leadership,” said David Stott, principal at Wind Point Partners, in a statement. “We plan to continue to invest in the operations in both Germantown and West Bend, and we look forward to working with the entire team at Gehl Foods.”

Since 2007, sales increased almost 80 percent for Gehl Foods and the company added more than 100 jobs.