Add-on Acquisition • Food

Crown Bakeries Acquires Michel s Bakery

On June 10, 2021, Crown Bakeries acquired food company Michel s Bakery

Acquisition Context
  • This is Crown Bakeries’ 3rd transaction in the Food sector.
  • This is Crown Bakeries’ 3rd transaction in the United States.
  • This is Crown Bakeries’ 1st transaction in Pennsylvania.

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M&A Deal Summary

Date June 10, 2021
Target Michel s Bakery
Sector Food
Buyer(s) Crown Bakeries
Deal Type Add-on Acquisition

Target Company

Michel s Bakery

Philadelphia, Pennsylvania, United States
Michel's Bakery is a producer of baked goods. Michel’s bakes and distributes a range of high-quality sweet baked goods for leading consumer brands and grocery retailers. Michel's Bakery was founded in 1898 and is based in Philadelphia, Pennsylvania.
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Buyer Overview 1

Buyer

Crown Bakeries

Brentwood, Tennessee, United States

Category Company
Founded 1996
Sector Food
DESCRIPTION

Crown Bakeries manufactures a diverse line of fresh and frozen bread, baked goods, and dough products for leading food service, food manufacturing, and retail customers. Crown Bakeries was formed in 1996 and is headquartered in Brentwood, Tennessee.


Deal Context for Buyer #
Overall 3 of 4
Sector: Food 3 of 4
Type: Add-on Acquisition 2 of 3
State: Pennsylvania 1 of 1
Country: United States 3 of 4
Year: 2021 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-18 Specialty Bakers - Baking Plant

Smyrna, Georgia, United States

Specialty Bakers LLC - Baking Plant produces and distributes laminated dough items including croissant and Danish, as well as sweet baked goods for in-store bakeries at leading grocery retailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Bagel Boy

Lawrence, Massachusetts, United States

Bagel Boy is a manufacturer of premium, New York-style bagels in New England. With a reputation for high-quality and innovative products in bagels, flatbreads, pitas, and sandwich thins, the Company is a key baking partner for leading grocery retailers and consumer brands. Bagel Boy was formed in 1992 and is based in Lawrence, Massachusetts.

Buy -