Highlander Partners acquires Diehl, maker of dairy ingredients
May 15, 2006
by Josh Sosland
DEFIANCE, OHIO — Highlander Partners, L.P. has acquired the assets of Diehl, Inc., a maker of spray-dried creaming agents, whipped topping bases, fat-based powers and a variety of specialty systems.
With the acquisition, Highlander has established Diehl Food Ingredients, Inc., based in Defiance.
"This transaction will serve as the first acquisition of several planned in the food ingredients area," said Charles A. Nicolais, president of Diehl Food Ingredients and a principal in the business. "We now have a strong platform through this acquisition, and we intend to build upon it by leveraging Diehl’s operations along with the financial skills of Highlander Partners."
Founded in 1870, Diehl has had business activities over the years in brewing, dairy processing and specialty ingredients. Its specialty systems include fortified non-dairy dry beverage systems. The company also offers customers assistance in developing new products.
Highlander is a Dallas-based investment firm established in 2004 with more than $100 million.