Cyprium Partners has made a subordinated debt investment in Caro Nut Company to support its growth and operational flexibility.

Target Company Overview

Caro Nut Company, founded in 2008 and headquartered in Fresno, California, is a dynamic player in the specialty nut processing industry. The company specializes in sourcing, roasting, milling, and distributing a variety of roasted nuts and specialty nut butters under private label for retailers, wholesalers, and industrial food manufacturers globally. Caro is committed to ethically sourcing a diverse range of nuts from around the world while producing high-quality culinary products, including dry roasted, oil roasted, organic, and pasteurized non-peanut nut options. Their product line features an array of nut varieties including cashews, almonds, macadamias, pecans, Brazil nuts, pistachios, and hazelnuts.

Industry Overview in the United States

The nut processing industry in the United States has experienced significant growth over the past decade, driven by increasing consumer preferences for healthy and nutritious snack options. This shift in consumer behavior has led to an uptick in demand for various nut products, including roasted nuts, nut butters, and organic options. Furthermore, the rise of health-conscious eating trends has positioned nuts as a favored source of protein, healthy fats, and other essential nutrients.

The U.S. market is characterized by a diverse array of players, from small-scale artisanal producers to large multinational corporations. This diversity is accompanied by an increasing focus on sustainability and ethical sourcing prac