M&A Deal Summary

East Balt Acquires The New Bakery

On June 2, 2015, East Balt acquired food company The New Bakery from Wendy s

Acquisition Highlights
  • This is East Balt’s 1st transaction in the Food sector.
  • This is East Balt’s 1st transaction in the United States.
  • This is East Balt’s 1st transaction in Ohio.

M&A Deal Summary

Date 2015-06-02
Target The New Bakery
Sector Food
Buyer(s) East Balt
Sellers(s) Wendy s
Deal Type Divestiture

Target

The New Bakery

Zanesville, Ohio, United States
The New Bakery Company, LLC produces and distributes bakery products.

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Buyer(S) 1

Buyer

East Balt

Chicago, Illinois, United States

Category Company
Founded 1955
Sector Food
Employees2,200
DESCRIPTION

East Balt is a global bakery business spanning four continents with 21 bakeries in 11 countries. East Balt has grown over the last 60+ years through partnerships with leading food service organizations and with a dynamic portfolio of high quality products including buns, bagels, English muffins, tortillas and breads. East Balt is recognized as a quality and innovation leader and is committed to driving the success of its customers.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

Wendy s

Dublin, Ohio, United States

Category Company
Founded 1969
Sector Restaurants
Employees13,300
Revenue 2.2B USD (2023)
DESCRIPTION
Entrance to Wendy's corporate headquarters in Dublin, Ohio.
Entrance to Wendy's corporate headquarters in Dublin, Ohio.

Wendy's is a major quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company restaurants in the U.S. and 29 other countries and U.S. territories worldwide. Wendy’s was founded in 1969 and is based in Dublin, Ohio.


DEAL STATS #
Overall 5 of 8
Sector (Food) 1 of 1
Type (Divestiture) 4 of 7
State (Ohio) 1 of 2
Country (United States) 4 of 7
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-11 Baja Fresh

Irvine, California, United States

Baja Fresh is a chain of fast-casual Tex Mex restaurants. Baja Fresh was formed in 1990 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-09 Wendy s 62 Restaurants

Dublin, Ohio, United States

Wendy's 62 Restaurants are located in south central Pennsylvania in and around Harrisburg and Allentown, Pennsylvania

Sell $53M