Food and Beverage Business
Finance

Investment Secured by US Frozen-Treats Business Mini Melts

Investment Secured by US Frozen-Treats Business Mini Melts Frozen, ice cream Food and Beverage Business

Mini Melts, a US-based ice cream company, has received an investment from Altamont Capital Partners, a California private-equity firm. The financial details of the investment were not disclosed. The company manufactures beaded ice cream in Connecticut using a proprietary cryogenic freezing process and distributes its products through a network of over 20 distribution centers. Mini Melts expects to expand its distribution network in 2024. Altamont stated that Mini Melts serves 30m pre-packaged ice-cream cups from more than 15,000 locations and anticipates opening new distribution centers this year. “We believe the beaded ice-cream category has expandable growth potential,” said Altamont principal Kabir Mundkur in a statement.

Philadelphia-headquartered Mini Melts serves 30m pre-packaged ice-cream cups from 15,000 locations and continues to expand its fully integrated, white glove distribution model. Mini Melts’ founder and CEO Dan Kilcoyne will remain at the helm and is still a major investor in the company. “Our partnership with Altamont will bolster our growth plans, allowing us to spread into new markets and grow with new customers,” stated Kilcoyne. Altamont managing director Kevin Mason said, “The fully integrated white glove distribution model is a real difference-maker. It enables an entirely seamless experience for the company’s channel partners and a better quality product for consumers.”

Mini Melts is confident about the unique quality of its company profiles and is offering a free sample for potential clients. In a statement, Kilcoyne said, “We have experienced exponential growth over the past several years and are focused on reaching across the entire country and innovating for our valued customers. We are excited to leverage Altamont’s experience scaling family-owned businesses and in multi-unit operations, food manufacturing, and distribution to support our next phase of growth.”

Altamont Capital Partners expressed their excitement in investing in the brand and bringing Mini Melts into more consumers’ hands while fostering new and exciting innovation in the future. “Mini Melts joins companies such as Juice Plus and Tall Tree Foods in Altamont’s portfolio,” mentioned in the press realease. To gain a competitive edge in the food and beverage industry, you can access the most comprehensive Company Profiles on the market, powered by GlobalData. View the profiles in the store to save hours of research.

Overall, the investment from Altamont will allow Mini Melts to execute their growth plans and expand into new markets while serving new customers. The partnership will also enable the company to leverage Altamont’s experience in scaling family-owned businesses, multi-unit operations, food manufacturing, and distribution to support their growth.

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