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.
The expansion will include new state-of-the-art bun and roll lines which will add 30 to 40% capacity and will fully utilize recently expanded shipping docks, refrigeration and freezer capabilities.