San Diego / CA. (trl) Tide Rock, an unlevered buyout firm with a portfolio of diverse economically resilient B2B businesses, acquired Glenn Wayne Wholesale Bakery, a family owned and operated full-line bakery manufacturer. Founded in 1990, Glenn Wayne Wholesale Bakery has built a strong reputation for producing high-volume, high-quality baked goods, including donuts, muffins, Danish pastries, cookies, brownies, and other baked goods from their full line manufacturing facility strategically located in Bohemia, New York. The company’s commitment to efficient operations and quality has enabled it to expand its reach and distribution nationally.
«We are excited to add Glenn Wayne Bakery to the Tide Rock portfolio and help this successful company reach the next stage of growth,» said Brooks Kincaid, President of Tide Rock. «Glenn Wayne has tremendous opportunity to broaden its customer base and explore additional opportunities for expansion. The bakery market has proven to be one of the most resilient categories within the food industry, and their newly obtained gluten-free certification opens several new markets.»
According to IBIS World, the North American bakery market, valued at USD 50 billion in 2022, is expected continue to grow and reach USD 55.6 billion by 2028.
Glenn Alessi, one of the founders of Glenn Wayne, remarks, «From our humble beginnings in a 1,000 square foot building, we have always prioritized innovation and quality. Over the years, we’ve invested heavily in building a strong business with high quality products, operationally efficient processes and well-run facilities. Today, we are proud of our automated production processes, inventory management, and ordering systems, as well as our clean facilities and warehouse and our incredible employees. We look forward to working with Tide Rock to continue this legacy and achieve greater growth.»
Glenn Wayne’s 40,000 square foot facility and 6,000 square foot warehouse location provide ample expansion opportunities and are strategically located near priority distributors and customers. The facilities are certified by the NYS Department of Agriculture + Markets Food Processor License (Article 20-C), FDA Facility Registration, BRCGS Gluten Free Certification, SQF Food Manufacturing Certification (Level 2), Kosher Certification (Kof-K), and Ethical Kosher Certification.
With this acquisition, Tide Rock continues to expand its portfolio of economically resilient businesses, further solidifying its position as a leading unlevered buyout firm.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Arcos Dorados: Reports Q2-2024 Financial Results
- Ark Restaurants: Announces Q3-2024 Financial Results
- Utz: acquires distribution rights from National Food Corp
- Portos Bakery + Cafe to Enhance Digital Ordering Experience
- GrubMarket: Acquires Good Eggs Grocery Company
- Conagra Brands: Acquires Sweetwood Smoke Company
- The Andersons: Reports Second Quarter 2024 Results
- Instacart: Announces Q2-2024 Shareholder Letter
- Toast Inc.: Announces Q2-2024 Financial Results
- WK Kellogg: announces Q2-2024 financial results
- Yum China: Reports Second Quarter 2024 Results
- Utz Brands: Reports Second Quarter 2024 Results
- Post Holdings: Reports Third Quarter 2024 Results
- DoorDash: Releases Q2-2024 Financial Results
- DPC Dash: Issues Positive H1-2024 Profit Alert
- GrubMarket: Acquires Best Oriental Produce
- LDC Managers: exits Hill Biscuits to Cerealto UK
- Luckin Coffee: Announces Q2-2024 Financial Results
- Greggs PLC: announces preliminary results H1-2024
- Luckin Coffee: Opens Its 20’000th Store in Beijing