By PBN Staff
LINCOLN – Coffee-extract manufacturer Autocrat announced it has entered into a partnership with an investment group led by Trent Capital Partners and Argosy Private Equity. It declined to disclose the type of partnership or financial terms of the agreement.
Autocrat, a family-operated business founded in 1895, roasts and manufactures coffee extracts used to flavor food and beverage products such as ice cream, iced cappuccino drinks and alcohol-based products.
“This partnership is a major development in the continued growth of our company,” said co-owners Richard M. Field Jr. and Cynthia Field Wall in a news release.
“We are excited to partner with the Autocrat team and to support the company’s continued expansion. We view this investment as an excellent opportunity to build significant long-term value for the company’s customers as well as its shareholders,” said Raymond J. Desrocher Jr., partner of Trent Capital Partners.