Moves in the bakery sector are underway! Rise Baking Company, a portfolio company of Olympus Partners, recently acquired two pie facilities from Wonder Brands Holdings and FGF Brands (USA) dba as Pies.
"Rise prides itself on a culture of customer focus, teamwork, and innovation," said Brian Zellmer, Chief Executive Officer of Rise. "Expanding into the pie category continues to broaden our portfolio, giving Rise a greater presence in the bakery market and enabling us to provide even greater service across all major categories to drive growth and strengthen key customer relationships."
As a release noted, Pies is a leading, scaled, full-line pies platform servicing the retail channel across North America with two facilities in Kent, Washington, and Brampton, Ontario, Canada.
Rise provides premium cookies, cakes, brownies, muffins, dessert bars, icings, artisan breads, and flatbreads in North America to retail bakeries as well as foodservice providers. The combined business will have 18 facilities across the U.S. and Canada.
"We are excited to continue to support the Rise Baking team. The Pies acquisition continues Rise's strategy of expanding their product offering into complementary categories to the benefit of Rise's customers,” stated Mike Horgan, Partner at Olympus Partners. “The Rise team has developed an unparalleled organization through both organic growth and strategic acquisitions with a proven ability to effectively integrate and grow newly acquired businesses."
As moves are made in the baking industry, Deli Market News will be here to report.
