Arbor Investments of Chicago has added Ontario, California-based DPI Specialty Foods Inc. to its portfolio.
Arbor owns the majority of shares in DPI, which it acquired from Dublin, Ireland-based Ornua Co-Operative Limited.
"DPI has an impressive 30-year record of profitably driving customer sales growth through individualized programs that combine best-in-class product selection, logistics and merchandising with a highly focused and flexible service model," Alan Weed, of Arbor Investments, said. "With a diverse network of national and international vendors, DPI has the pulse of specialty food trends, particularly in the dynamic gourmet, perishable, specialty, natural, organic, local and ethnic foods categories that retail customers and discriminating consumers demand."
DPI employs about 1,800 workers. Its annual revenues exceed $1 billion.
"A unique specialty food product offering is the lifeblood of successful grocers," Russ Blake, DPI's president and CEO, said. "DPI's service-centric model, providing a full suite of individually tailored solutions, sets us apart from our competitors. Arbor understands our value proposition and is a hand-in-glove fit with our company. We are enthusiastic about unlocking DPI's potential."