US-based private equity firm H.I.G. Capital has announced that it has invested in Brazilian ice cream firm Creme Mel Sorvetes through its affiliate.
Headquartered in Goiás, Creme Mel is a leading ice cream producer in the Mid-West of Brazil. The company sells ice cream in nine Brazilian states employs more than 900 people.
The company stated that H.I.G.'s investment will allow it to expand its production capacity with the construction of a new facility and will provide capital for a faster expansion in the country.
Creme Mel founder Antonio Santos said that the investment will help accelerate the expansion of Creme Mel into new markets.
"We'll be able to take Creme Mel ice creams to even more clients, always keeping our high quality standards," Santos added.