Commercial Bakeries Corp. Acquires Hollandia Bakeries Ltd. and The Good Food Company Inc.

Graham Partners Acquires Commercial Bakeries Corporation

September 27, 2023

Food & Beverage

Graham Partners, a Philadelphia-based private equity firm, has acquired Commercial Bakeries Corporation, a Toronto-headquartered producer of private-label and co-manufactured cookies. The acquisition, sourced through Graham's Investment Theme Program, positions the firm to expand in private-label bakery manufacturing and supports a founder succession/exit from the company's former family owners.

Commercial Bakeries Corp. Acquires Imagine Baking, Inc.

May 17, 2024

Food & Beverage

Commercial Bakeries Corp., a portfolio company of Graham Partners, has acquired Imagine Baking, Inc., a Sandusky, Ohio-based maker of specialty crackers, cookies, biscuits and brittle focused on gluten-free, organic and better‑for‑you products. The purchase expands Commercial Bakeries' private‑label and co‑manufacturing capabilities in North America by adding Imagine Baking's 114,000+ sq. ft. production facility, segregated lines and R&D lab.

Biscuit International Acquires Continental Bakeries

October 22, 2021

Food & Beverage

Biscuit International, a Platinum Equity-backed European private‑label biscuit manufacturer, has agreed to acquire Continental Bakeries from its majority shareholder Goldman Sachs Asset Management. The deal brings Continental’s 13 production facilities and more than 2,300 employees into Biscuit International, strengthening the combined group's product portfolio and pan‑European footprint; completion was anticipated in H1 2022 subject to customary approvals.

Bain Capital Credit and EBITDA Investments Acquire Bread Holdings (GAIL's Bakery & The Bread Factory)

September 14, 2021

Food & Beverage

Bain Capital Credit, in partnership with EBITDA Investments (backed by Henry McGovern and Steven K. Winegar), has acquired Bread Holdings Ltd, the parent of GAIL's Bakery and The Bread Factory, from Risk Capital Partners for a reported consideration of over £200 million. Management, including CEO Tom Molnar, remain in place and chairman Luke Johnson retains a stake and board seat; part of the proceeds will be distributed to nearly 2,000 employees as the buyer supports the group's next phase of growth and expansion.

Brynwood Partners VIII L.P. Acquires De Wafelbakkers

April 5, 2021

Food & Beverage

Brynwood Partners VIII L.P. has acquired De Wafelbakkers from The Oklahoma Publishing Company (OPUBCO), a subsidiary of the Anschutz Corporation. The acquisition expands Brynwood's food and beverage manufacturing footprint and adds two production facilities and roughly 650 employees to its portfolio.

IK Partners Acquires Majority Stake in GoodLife Foods

May 30, 2023

Food & Beverage

IK Partners' IK IX Fund has signed an agreement to acquire a majority stake in GoodLife Foods B.V. from Egeria Capital Management, with GoodLife management reinvesting. Headquartered in Breda, Netherlands, GoodLife is a leading European manufacturer of frozen snacks and meal components (over 700 employees across six plants); IK plans to support international expansion and buy-and-build growth.