Maplehurst Bakeries/George Weston Acquires Keystone Bakery Holdings
September 1, 2010
Maplehurst Bakeries, a subsidiary of George Weston Limited, acquired Keystone Bakery Holdings, LLC from Keystone Capital, Inc. for approximately $185 million. The transaction brings KBH’s frozen baked-goods platform (including Freed's, Granny's and Heartland) into Weston's Weston Foods/Maplehurst network to expand its North American in-store bakery and foodservice footprint.
- Buyers
- Maplehurst Bakeries, LLC, George Weston Limited
- Targets
- Keystone Bakery Holdings, LLC, Freed's Bakery, Inc., Granny's Kitchens, Ltd., Heartland Baking
- Sellers
- Keystone Capital, Inc.
- Industry
- Food & Beverage
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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