SSG Advises Winona Foods in the Sale of its Cheese Processing Division
June 24, 2025
Source: SSG Capital Advisors, LLC
SSG Capital Advisors, LLC (“SSG”) served as investment banker to Winona Foods, Inc. (“Winona Foods” or the “Company”) in the sale of its cheese processing division. The transaction closed in June 2025.
Winona Foods was founded in 1995 with the strategic mission of providing high quality cheese products and best-in-class customer service. Leveraging two state-of-the-art production facilities in Green Bay, WI, the Company has become an industry-leading manufacturer and distributor of natural, processed, and specialty cheese products to the food service, industrial ingredients, retail, and co-packing sectors. The Company’s fully integrated manufacturing capabilities include the cutting, slicing, chunking, cubing, and shredding of cheese. The Company also has a processing division that provides portion-controlled products in dips, sauces, preserves, jams, jellies, and dressings.
SSG’s ability to manage complex carve-out transactions and experience in the dairy industry allowed the Company to maximize the value of its assets and position the processing division for growth under new ownership. Winona Foods will continue to provide slicing, cubing, dicing, chunking, shredding, wrapping and cross-docking services out of its conversion facility in Howard, WI.
Other professionals who worked on the transaction include:
• Michael H. Altman, Jake J. DeLeers, Brent A. Stork, James W. DeCleene, Michelle Ebben and Ryan Habeck of Michael Best & Friedrich LLP, counsel to Winona Foods, Inc.
Winona Foods was founded in 1995 with the strategic mission of providing high quality cheese products and best-in-class customer service. Leveraging two state-of-the-art production facilities in Green Bay, WI, the Company has become an industry-leading manufacturer and distributor of natural, processed, and specialty cheese products to the food service, industrial ingredients, retail, and co-packing sectors. The Company’s fully integrated manufacturing capabilities include the cutting, slicing, chunking, cubing, and shredding of cheese. The Company also has a processing division that provides portion-controlled products in dips, sauces, preserves, jams, jellies, and dressings.
SSG’s ability to manage complex carve-out transactions and experience in the dairy industry allowed the Company to maximize the value of its assets and position the processing division for growth under new ownership. Winona Foods will continue to provide slicing, cubing, dicing, chunking, shredding, wrapping and cross-docking services out of its conversion facility in Howard, WI.
Other professionals who worked on the transaction include:
• Michael H. Altman, Jake J. DeLeers, Brent A. Stork, James W. DeCleene, Michelle Ebben and Ryan Habeck of Michael Best & Friedrich LLP, counsel to Winona Foods, Inc.
About SSG Capital Advisors, LLC
SSG Capital Advisors is an independent boutique investment bank that assists middle-market companies and their stakeholders in completing special situation transactions. We provide our clients with comprehensive investment banking services in the areas of mergers and acquisitions, private placements, financial restructurings, valuations, litigation, and strategic advisory. SSG has a proven track record of closing over 450 transactions in North America and Europe and is a leader in the industry.
Securities are offered through SSG Capital Advisors, LLC (Member SIPC, Member FINRA). All other transactions are effectuated through SSG Advisors, LLC, both of which are wholly owned by SSG Holdings, LLC. SSG is a registered trademark for SSG Capital Advisors, LLC and SSG Advisors, LLC.
