Palo Alto, California, January 8, 2015 – Altamont Capital Partners (“Altamont”), the San Francisco Bay area‐based private equity firm with over $1 billion under management, announced today that Daniel Muth has joined the firm as an Operating Partner. Mr. Muth will focus on investment opportunities in the food ingredients sector, and will spearhead a buy‐and‐build business strategy to create a diversified ingredients company.
Mr. Muth is an experienced, proven top executive with over 14 years of experience running private equity‐owned operating companies with a focus in the ingredients sector. Most recently he was Chief Executive Officer and President of International Fiber Corporation, the largest US producer of powdered cellulose and other insoluble fibers for food and industrial applications. Prior to International Fiber, Dan was Chairman and Chief Executive Officer of Fleischmann’s Vinegar Company, the market leader in ingredient‐use vinegar products. Prior to Fleischmann’s, Dan was Chief Financial Officer and EVP of Teleflora, where he led its acquisition integration with competitor AFS. Dan started his career with 11 years in consulting at Bain & Company.
“We are very excited to partner with Dan to build a diversified, leading business in the ingredients space,” said Altamont Managing Director Casey Lynch. “Dan’s track record and experience with multiple ingredients businesses, combined with his strategic vision and operational ability, make him an ideal partner to execute on the strategy.”
Mr. Muth added: “I am thrilled to partner with the Altamont team to pursue our strategy. The ingredients sector remains highly fragmented with significant opportunity to drive performance through portfolio diversification and by adding professionalized management capabilities. We intend to build a platform that leverages our experience adding value to businesses to drive strong returns.”