M&A Deal Summary

Crown Bakeries Acquires Specialty Bakers - Baking Plant

On May 18, 2020, Crown Bakeries acquired food company Specialty Bakers - Baking Plant from Specialty Bakers

Acquisition Highlights
  • This is Crown Bakeries’ 2nd transaction in the Food sector.
  • This is Crown Bakeries’ 2nd transaction in the United States.
  • This is Crown Bakeries’ 1st transaction in Georgia.

M&A Deal Summary
Date 2020-05-18
Target Specialty Bakers - Baking Plant
Sector Food
Buyer(s) Crown Bakeries
Sellers(s) Specialty Bakers
Deal Type Divestiture

Target

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.

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Buyer(S) 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 STATS #
Overall 2 of 4
Sector (Food) 2 of 4
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 Steck Wholesale Foods

North Sioux City, South Dakota, United States

Steck Wholesale Foods, Inc. focused on providing delicious English muffins and buttermilk biscuits for foodservice clients, self-distributing retailers and wholesale distributors across the nation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 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.

Buy -

Seller(S) 1

SELLER

Specialty Bakers

Marysville, Pennsylvania, United States
Category Company
Founded 1901
Sector Food
DESCRIPTION

Specialty Bakers is a producer high-quality branded and private label baked products such as French Twirls™ (Crème Horns), Dessert Shells, Cake Rolls, and Angel Food Cakes. The products are distributed primarily to grocery stores, mass merchants and other retailers for sale in their “in-store” bakery sections. Specialty Bakers was established in 1901 and is based in Marysville, Pennsylvania.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

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