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Equity firm invests in Dutch rum blender E&A Scheer
Global private equity firm The Riverside Company has made a “significant” investment in Netherlands-based rum blender and vendor E&A Scheer.
Private equity firm The Riverside Company has invested in Dutch rum blender E&A Scheer
The undisclosed investment sum is said to support E&A Scheer’s expansion and continued growth. The Dutch firm claims to be the “largest global blender and vendor of premium rum in bulk”.
Carsten Vlierboom, E&A Scheer managing director, said: “Scheer has been family-owned for most of its 300-year history, so it was important to find a partner who would respect this heritage while helping the company seize the current growth opportunities.
“We look forward to this new chapter with Riverside.”
With origins dating back to 1712, E&A Scheer specialises in sourcing and blending rums. The company’s blending operation is located in Amsterdam, Netherlands, and it also operates ageing facilities in Liverpool, UK, under its Main Rum Company subsidiary.
Riverside partner, Karsten Langer, said: “We are thrilled to add the Scheer investment to our portfolio.
“Rum is the fifth most consumed spirit category in the world, and also one of the fastest growing, due to the emergence of artisanal and craft brands and an ongoing premiumisation of the category.
“These trends play to Scheer’s strengths, and we are excited to help the company’s continued growth.”
Riverside principal, Damien Gaudin, added: “Scheer already operates globally, and with access to Riverside’s worldwide network, we expect to accelerate international growth.”