HC Private Investments Announces Sale of Epicurean Butter to Solina USA
HC Private Investments (“HCPI”), a Chicago-based private equity firm, announced today the sale of its portfolio company, Epicurean Butter (“Epicurean”), to Solina USA (“Solina”). Terms of the transactions were not disclosed.
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Since partnering with Epicurean’s founders John and Janey Hubschman in 2019, HCPI made significant investments in senior leadership, equipment, facilities and innovation to support the Company’s transformation from a founder-owned business into a scalable platform positioned for long-term growth. Core to these efforts was the recruitment of CEO Stephen Owens, a seasoned food and ingredient executive, whose leadership drove the Company's operational and commercial evolution.
“It was a pleasure to work with the Epicurean leadership team and witness the transformation Stephen led from a flavored butter manufacturer into a broader flavoring ingredient solutions provider,” said HCPI Managing Partners John Kelly and Matt Moran. “This is a great example of HCPI’s ability to harness the resources of our Executive Advisor Partner network to accelerate growth within a founder-led business and generate value over the long-term. We believe Epicurean is well-positioned to continue its momentum under Solina’s ownership.”
