On the heels of recent portfolio expansions and other aggressive growth strategies, C.H. Guenther & Son (CHG) has announced the acquisition of a key competitor, adding Baldinger and Sons (Baldinger-Sons) bakeries to its growing brand portfolio.
“I am very pleased to welcome the Baldinger and Sons bakeries to the CHG family,” said John Buckles, President and Chief Executive Officer of CHG. “The company’s highly sophisticated manufacturing facilities and long-standing partnerships with blue-chip QSR customers are a great fit as we grow our combined company. I am confident the addition of Baldinger-Sons’ talented team will strengthen CHG’s leadership position in our markets and enhance our product offering for our customers.”
Baldinger and Sons is a North American specialty baker with operations located in the midwestern United States and Canada. The recent transaction is part of a move to expand CHG’s bakery manufacturing capacity and deepens its relationships with premier quick-service restaurant (QSR) customers. The financial terms of the deal were not disclosed.
“We have long been impressed with the Baldinger-Sons team’s dedication to product quality and manufacturing excellence,” said Dale Tremblay, CHG Chairman. “This combination, guided by the legacies and values of two family businesses, will provide our company with exciting growth and expansion opportunities.”
C.H. Guenther & Son is owned by Pritzker Private Capital (PPC) along with management and co-investors, according to a press release. With the completion of this acquisition, CHG now has more than 3,700 employees in 27 food manufacturing locations across the United States, Canada, and Western Europe, as well as its corporate office in San Antonio, Texas.
“It was very important for us to find a partner who shares our values and vision for the future while providing the strength and stability to help propel our organization for years to come,” Steve Baldinger, Chief Executive Officer of Baldinger-Sons, added. “I believe we have found that partner with C.H. Guenther & Son. Both Baldinger-Sons and CHG are rooted in entrepreneurial, innovative businesses. I am excited to work with Dale, John, and their team to create an even brighter future for our newly combined organization.”
Baldinger-Sons was founded in 1888, and family-owned for four generations, supplying hamburger buns, rolls, bagels, and other specialty bakery items for multinational QSR brands.
With the acquisition of Baldinger-Sons, CHG is extending its manufacturing footprint with the supplier’s newly renovated, cutting-edge production facility in Minnesota and Sons’ Canadian facilities, the release noted.
“Baldinger-Sons is highly complementary with CHG’s strategy, culture, and values,” added Chris Trick, Investment Partner at PPC. “We look forward to continuing our partnership with John, Dale, and the CHG team as they welcome Baldinger-Sons and drive continued growth for two strong family businesses.”
Following the acquisition, the Baldinger-Sons management team will continue with the business post-transaction.
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