Nashville / TN. (se) The Bakery Companies, a manufacturer of fresh and frozen breads, baked goods and dough products announced today the acquisition of a Smyrna, Georgia facility («Smyrna») from Specialty Bakers LLC. The Smyrna facility is located less than 20 miles from The Bakery Cos.’ existing operations in Norcross, Georgia, and produces and distributes laminated dough items including croissant and Danish, as well as sweet baked goods for in-store bakeries at leading grocery retailers.
Commenting on the transaction, President of The Bakery Cos. Yianny Caparos said, «We are tremendously excited by this acquisition as broadening of our production capabilities is critical to best serving our customers nationwide. While we began construction last month in Nashville for our new ultra-high-speed croissant line, the addition of Smyrna to our manufacturing network dramatically turbo-charges our re-entry into the croissant and Danish categories, enabling us to deliver these products as early as this summer.»
Caparos further noted, «The capabilities across frozen dough, pre-proofed and fully baked items meet the varied needs of our customers. We have already experienced tremendous interest for these products across every channel, and we can’t wait to join forces with the outstanding team at Smyrna to address the pent-up demand.»
Cordia Harrington, Chief Executive Officer of The Bakery Cos. commented, «We are thrilled to be welcoming the team of associates in Smyrna to our Bakery Companies family. Their product and customer portfolio complements our existing business and will enable us to offer a broader range of unique, high-quality baked goods across both sweet and savory categories. Bringing differentiated products that meet both the changing tastes of consumers and the evolving needs of our customers is critical, and Smyrna addresses both.»
In September 2019, The Bakery Companies was was recapitalized by Arbor Investments, a specialized private equity firm that focuses exclusively on acquiring premier companies in food, beverage and related industries.
«Smyrna adds a sixth facility to our platform, brings exciting new manufacturing capabilities and is a highly attractive fit in terms of geographic location and proximity» said Chris Tuffin, Arbor Investments Partner. «Our second acquisition for The Bakery Cos. in just two months, we are exceptionally pleased to further grow and will continue to seek opportunities to add complementary businesses to our expanding group of passionate bakers.»
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center