LOUISVILLE, Ky. — Dan-O’s Seasoning has secured a $25 million investment from consumer-focused private equity firm The Newcastle Network to support the Louisville-based company’s continued growth, product expansion and retail distribution.
The investment marks Newcastle’s first move into the food industry and will help Dan-O’s introduce new product formats and expand availability through retail and online channels. Founder Dan Oliver and CEO Phillip Crosby will continue leading the company.
“The brands we’re most excited about don’t just sell products, they change behavior,” said Chris Casgar, managing partner of The Newcastle Network. “Dan has built far more than a seasoning company. He’s created a platform that inspires millions of home cooks to experiment, create, and enjoy cooking more.”…