The all-cash transaction is valued at approximately $40 million, subject to a working-capital adjustment, and includes relevant trademarks and licenses and the company’s manufacturing facility in Chicago.
The award will be presented at the Food Automation & Manufacturing Symposium and Expo in April.
January 15, 2025
The new facility adds 425,000 sq. ft. to Carolina Foods’ previously existing 100,000 sq. ft. of operations creating baked goods such as Duchess Honey Buns, donuts, pastries and pies.
Hearthside reports its restructuring will allow it to eliminate more than $1.9 billion of its debt and secure $200 million of new equity capital at exit.
Founded in 2013, Rise provides cookies, pies, cakes, icings, muffins, crispy bars and more to retail bakeries, foodservice operators and distributors in North America.
Glenn Wayne Wholesale Bakery manufacturers donuts, muffins, Danish pastries, cookies, brownies and other baked goods from its full-line manufacturing facility in Bohemia, N.Y.
Efficient weight controls and checkweighing systems on bakery production lines are integral to meeting consumer expectations and ensuring compliance with net weight regulations.