M&A Deal Summary

Weston Foods Acquires ACE Bakery

On November 30, 2010, Weston Foods acquired food company ACE Bakery from Glencoe Capital

Acquisition Highlights
  • This is Weston Foods’ 1st transaction in the Food sector.
  • This is Weston Foods’ 1st transaction in Canada.
  • This is Weston Foods’ 1st transaction in Ontario.

M&A Deal Summary

Date 2010-11-30
Target ACE Bakery
Sector Food
Buyer(s) Weston Foods
Sellers(s) Glencoe Capital
Deal Type Add-on Acquisition

Target

ACE Bakery

Mississauga, Ontario, Canada
website
ACE Bakery Ltd. is a specialty bread-maker that develops and markets a range of premium artisan breads under its own brand, relying on strict, traditional recipes and fresh, all-natural ingredients of the highest quality.

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Buyer(S) 1

Buyer

Weston Foods

Etobicoke, Ontario, Canada

website


Category Company
Sector Food
DESCRIPTION

Weston Foods (Canada), Inc. is engaged in the baking industry within North America.


DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2010) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-06 Starr Culinary Delights

Mississauga, Ontario, Canada

Starr Culinary Delights, Inc. is a provider of commercial bakery products.

Buy -

Seller(S) 1

SELLER

Glencoe Capital

Chicago, Illinois, United States

Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glencoe Capital is a private equity firm that invests in leveraged buyouts and recapitalizations of middle-market companies. Glencoe consists of Glencoe Capital Partners Funds which seeks North American businesses valued between $25 million and $125 million, and the Michigan Opportunities Fund which looks to invest in recapitalizations, buyouts, and growth equity transactions in Michigan. Sectors of interest include business and media services, financial services, food and consumer products, and industrials. Glencoe prefers platform companies to have at least $30 million of sales and EBITDA of at least $3 million. Glencoe Capital was formed in 1993 and is a unit of Leoville Holdings, an alternative investment manager. Glencoe Capital is based in Chicago with an additional office in Birmingham, Michigan.


DEAL STATS #
Overall 4 of 13
Sector (Food) 1 of 2
Type (Add-on Acquisition) 2 of 6
State (Ontario) 1 of 2
Country (Canada) 1 of 2
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-09 NOVO 1

Fort Worth, Texas, United States

NOVO 1 is a provider of inbound customer interaction solutions to clients in a range of industries. With call centers located in Texas, Montana, and Wisconsin, NOVO 1 offers clients a full complement of customer service solutions, including product support, customer retention, program enrollment, appointment setting, and sales.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-07 Campbell Grinder

Spring Lake, Michigan, United States

Campbell Grinder Co. is a process design, layout and engineering services firm focused on the design and assembly of premium quality grinding machines. The company also serves as an outsourced engineering team for its customers, designing and assembling value-added, turnkey solutions for complex manufacturing processes.

Buy -