Biscuit International Acquires Continental Bakeries

Platinum Equity Acquires Biscuit International

February 14, 2020

Food & Beverage

Platinum Equity has acquired Biscuit International, a leading European private-label sweet biscuit manufacturer headquartered in Paris. Biscuit International employs approximately 1,900 people, generated more than €500m in sales over the prior 12 months, and Platinum Equity intends to expand the company’s product offering and international reach through organic growth and add-on acquisitions.

Platinum Equity and Butterfly Acquire Rise Baking Company

September 18, 2024

Food & Beverage

Platinum Equity and Butterfly have agreed to acquire Rise Baking Company from Olympus Partners, with Platinum and Butterfly acting as equal partners. Rise, a Minneapolis-based bakery manufacturer with nearly 4,000 employees and 20 North American production facilities, will remain led by CEO Brian Zellmer and will pursue further organic growth and M&A under the new owners.

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.

Continental Batteries (Incline) Acquires Battery Distributors Inc.

February 14, 2019

Industrial Services

Continental Batteries, a portfolio company of Incline Equity Partners, has acquired Battery Distributors Inc. (BDI), a regional distributor of aftermarket batteries based in Atlanta, Georgia. The transaction is an add-on acquisition intended to expand Continental's geographic footprint and branch presence in the Atlanta market.

Cerealto UK Acquires Hill Biscuits from LDC

July 31, 2024

Food & Beverage

Cerealto UK, a portfolio company backed by Davidson Kempner Capital Management and Afendis Capital Management, has acquired Hill Biscuits from LDC. Financial terms were not disclosed; Hill Biscuits, founded in 1855 and headquartered in Ashton-under-Lyne, Greater Manchester, employs about 350 people and more than doubled revenues to over £40m during LDC's seven-year partnership.