The Riverside Company
Scheer specialises in sourcing and custom-blending of rum. Credit: Blake Wisz on Unsplash.

The Riverside Company has announced it will be supporting E&A Scheer as part of its plans to invest in and advance businesses in the food and beverage ingredients industries.

Scheer is one of the largest global blenders and vendors of rum, specialising in sourcing ingredients and custom-blending.

The company’s blending operation is situated in Amsterdam, the Netherlands. It is complemented by facilities in Liverpool, UK, where its Main Rum Company (MRC) subsidiary is located.

E&A Scheer managing director Carsten Vlierboom 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.”

“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.”

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.”

Scheer holds an inventory of rums, cachaças and Batavia arracks sourced from 25 different countries and has a long-standing relationship with distillers.

For this deal, Allen & Overy and Advocatenkantoor Parmentier served as legal counsel for Riverside, while Deloitte provided finance and tax due diligence. Bain & Company offered commercial due diligence and PwC assisted with mergers and acquisitions (M&A) and debt advisory support.

Rabobank Corporate Finance and CORP advised sellers and Scheer.