Divestiture • Food

Legacy Acquires Angelic Bakehouse

On July 22, 2024, Legacy acquired food company Angelic Bakehouse from Lancaster Colony

Acquisition Context
  • This is Legacy’s 1st transaction in the Food sector.
  • This is Legacy’s 1st transaction in the United States.
  • This is Legacy’s 1st transaction in Wisconsin.

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M&A Deal Summary

Date July 22, 2024
Target Angelic Bakehouse
Sector Food
Buyer(s) Legacy
Sellers(s) Lancaster Colony
Deal Type Divestiture

Target Company

Angelic Bakehouse

Cudahy, Wisconsin, United States
Angelic Bakehouse is a manufacturer and marketer of branded premium and non-GMO sprouted grain bakery products primarily for the retail markets. Angelic Bakehouse is based in Cudahy, Wisconsin.
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Buyer Overview 1

Buyer

Legacy

Waukesha, Wisconsin, United States

Category Company
Sector Food
DESCRIPTION

Legacy is a designer and manufacturer of superior and innovative baked snack products including snack mixes, bagel chips, pita chips, rye chips, and bread sticks, among others. The Company is focused on creating one-of-a-kind B2B and private-label baked snack products for leading food brands, retailers, and food service companies. Legacy offers multiple highly efficient manufacturing services including contract manufacturing, seasoning, and packaging. In addition to B2B and private label operations, it is the manufacturer and brand owner of Pinahs Rye Chips and Pinahs Snack Mixes. Legacy is based in Waukesha, Wisconsin.


Deal Context for Buyer #
Overall 1 of 2
Sector: Food 1 of 2
Type: Divestiture 1 of 1
State: Wisconsin 1 of 1
Country: United States 1 of 2
Year: 2024 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-03 Classic Cookie

Sevierville, Tennessee, United States

Classic Cookie is a manufacturer of branded, private-label, and contract-manufactured cookies, cookie dough, and brownies. Classic Cookie was formed in 1984 and is headquartered in Sevierville, Tennessee.

Buy -

Seller Profile 1

SELLER

Lancaster Colony

Westerville, Ohio, United States

Category Company
Founded 1961
Sector Food
Employees3,400
Revenue 1.9B USD (2024)
DESCRIPTION

Lancaster Colony is a mid-cap manufacturer and marketer of specialty food products for the retail and foodservice markets. Lancaster Colony was founded in 1961 and is based in Westerville, Ohio.


Deal Context for Seller #
Overall 3 of 3
Sector: Food 1 of 1
Type: Divestiture 3 of 3
State: Wisconsin 1 of 1
Country: United States 3 of 3
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Omni Baking Co.

Vineland, New Jersey, United States

Omni Baking Co. LLC is a provider of products to Lancaster Colony’s frozen garlic bread operations, including New York BRAND Bakery® Texas Toast.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Winland Foods - Sauce & Dressing Production Facility

Atlanta, Georgia, United States

Winland Food' Sauce & Dressing Production Facility provides sauce and dressing production facility located in Atlanta, Georgia.

Buy $75M