Chicago / IL. (ai) Arbor Investments announced the acquisition of Golden Malted and Heartland Waffles companies from Roch Capital. The combined entity is the largest supplier of waffle irons and waffle mix to the hospitality and foodservice industry. Headquartered in Glen Mills, Pennsylvania, the Company (the combined entity …) provides a comprehensive turnkey waffle program consisting of mixes, toppings, and flavorings along with waffle iron equipment and related maintenance to over 40,000 customer locations throughout North America. The Company’s renowned irons and mixes have been used in leading restaurants, hotels, colleges, and theme parks for over 85 years. With the acquisition, Arbor’s Senior Operating Partner Tim Fallon will assume the role of Chairman and Interim CEO of the Company. Senior leadership of Golden Malted-Heartland will continue in their operating roles leading the business.
«We’ve long admired this business and are very impressed with the national footprint it has built, especially in the hotel breakfast sector. Who doesn’t love a freshly-made waffle in the morning?» said Tim Fallon. «With its superior equipment, quality mixes and outstanding customer service and repair model, the Company offers a compelling value proposition to its customers. We see significant opportunity to leverage Arbor’s in-house resources and expertise to help the Company further penetrate the broader foodservice industry and rapidly accelerate growth.»
Arbor’s deep food and beverage expertise, extensive experience operating specialty distribution businesses, and current portfolio of companies with strong relationships across the hospitality and foodservice industry made this an attractive platform investment for the firm.
«We are incredibly excited to bring Golden Malted-Heartland into the Arbor portfolio. Our specialized approach will enable us to further expand the Company’s distribution, innovate its product offerings, and optimize the supply chain,» said Arbor Vice President George Russell. «We see a growing appetite for the Company’s signature waffle products across foodservice segments – from hospitality to restaurants to colleges and beyond. We look forward to partnering with the Golden Malted-Heartland team to continue providing their hospitality and foodservice customers with customized waffle programs that elevate their menus, enhance profits, and differentiate the guest experience.»
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