Sabatino Tartufi, a producer of truffles, has secured an investment from Traub Capital Partners (TCP), a private-equity firm based in the United States.
The specifics of the financial transaction were not made public.
With the newly obtained funds, Sabatino Tartufi, which is a family-owned business, plans to enhance its facilities and infrastructure, in addition to strengthening its distribution channels and elevating brand recognition.
In this investment round led by Three Hills Capital Partners (THCP), a multinational investment firm with offices in the UK, Italy, and Luxembourg, both Sabatino Tartufi and TCP, based in New York, will also be participating.
Sabatino Tartufi, established in 1911, is a manufacturer, importer, and distributor of products that use truffles as a primary ingredient. The company has production facilities in Connecticut, USA and in the Umbria region of Italy, with a combined workforce of over 100 employees. In addition to five branch offices across the United States, Sabatino also has a presence in Canada, Japan, and Hong Kong.
Sabatinos CEO Federico Balestra said, “TCP is the ideal partner for Sabatino as they have a history of backing companies in the aspirational lifestyle categories. Our new partners will provide us with strategic capital and will ensure clients and consumers are supported to the highest degree.”
He added, “We are now in a position with this unique partnership to broaden the reach of the truffle experience more than was ever possible before.”
Sabatino Tartufi provides its products to both end consumers and manufacturers, primarily through its online store and various specialty stores located throughout the United States.
“We are proud to partner with Sabatino, a clear leader in the fine foods world,” said Mortimer Singer, Co-managing partner of Traub Capital Partners.
“Sabatino’s commitment to quality and innovation aligns with TCP’s philosophy and approach. We believe we are uniquely positioned to actively support Sabatino in achieving their strategic growth plans.”
In 2018, TCP acquired Signature Brands, a manufacturer of dessert decorating products, marking their first direct venture into the food industry.
Lance Contento, Managing Director at Three Hills Capital Partners, said, “Partnering with Sabatino is an exciting opportunity for us to build on the already strong growth momentum in the market for truffle-based products and support the Company’s future development, notably in Europe.”
