M&A Deal Summary

Brynwood Partners Acquires Great Kitchens

On December 7, 2020, private equity firm Brynwood Partners acquired food company Great Kitchens from Aryzta

Acquisition Highlights
  • This is Brynwood Partners’ 11th transaction in the Food sector.
  • This is Brynwood Partners’ 22nd transaction in the United States.
  • This is Brynwood Partners’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2020-12-07
Target Great Kitchens
Sector Food
Buyer(s) Brynwood Partners
Sellers(s) Aryzta
Deal Type Divestiture

Target

Great Kitchens

Romeoville, Illinois, United States
Great Kitchens is a manufacturer of private label and branded take-and-bake and frozen pizza, flatbreads, and calzones. Great Kitchens was founded in 1976 and is based in Romeoville, Illinois.

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Buyer(S) 1

Buyer

Brynwood Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Brynwood Partners is a private equity firm that makes control investments in lower mid-market companies. The Firm has a preference for companies that are underperforming and/or undervalued, failed leveraged buy-outs or businesses that are under-financed and in need of an equity infusion. Target sectors include consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. The Firm looks for opportunities valued between $25 and $500 million. Brynwood was formed in 1984 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 23 of 25
Sector (Food) 11 of 13
Type (Divestiture) 11 of 12
State (Illinois) 3 of 5
Country (United States) 22 of 24
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-09 Buitoni

Stamford, Connecticut, United States

Buitoni is a manufacturer and marketer of pasta, sauces and cheese to the retail channel under the Buitoni brand. Buitoni is based in Stamford, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-20 West Madison Foods

Chicago, Illinois, United States

West Madison Foods is a manufacturer and marketer of gourmet salad dressings, dairy dips and spreads to the retail channel under the Marie’s® and Dean’s Dips® brands. West Madison Foods was formed in 2023 and is headquartered in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Aryzta

Schlieren, Switzerland
Category Company
Founded 1897
Sector Food
Employees8,168
Revenue 2.1B EUR (2023)
DESCRIPTION

Aryzta offers a range of baked sweet and savory goods comprising breads, buns and rolls, muffins, frozen cookie dough, laminated dough, donuts, continental pastries, sweet and savory reception goods, and various savory pizzas and tarts, as well as a range of specialty bakery products. Aryzta was incorporated in 1897 and is headquartered in Schlieren, Switzerland.

DEAL STATS #
Overall 3 of 5
Sector (Food) 3 of 5
Type (Divestiture) 3 of 5
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 ARYZTA AG - Picard

Schlieren, Switzerland

ARYZTA AG's Picard provides frozen foods.

Sell €156M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-12 Aspire Bakeries

Los Angeles, California, United States

Aspire Bakeries provides breads, sweet and savory baked goods, and snacks to leading customers in the quick-service restaurant, foodservice, and retail markets across the U.S. and Canada. With over 1,500 unique products, the Company has the broadest portfolios including both private label and branded offerings under the Otis Spunkmeyer, La Brea Bakery, and Oakrun Farm Bakery brands. Aspire Bakeries is based in Los Angeles, California.

Sell -
Mergr

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