Sign up for the Powder & Bulk Solids Weekly newsletter.
Powder Bulk Solids Staff
May 6, 2021
2 Min Read
Representative imageImage courtesy of Pixabay
Investment firm Bain Capital Private Equity entered into a deal to purchase the premium dessert company Dessert Holdings from Gryphon Investors for an undisclosed sum.
The St. Paul, MN-based manufacturer produces premium dessert products under three brands: The Original Cakerie, Lawler’s Desserts, and Atlanta Cheesecake Company. The Original Cakerie has two locations in Vancouver, BC and London, ON and Lawler Desserts cheesecake, layer cakes, pies and other products are made at a site in Humble, TX. Premium cheesecakes and fusion desserts are produced for the Atlanta Cheesecake brand at a Kennesaw, GA facility.
“Bain Capital Private Equity’s investment and business-building expertise is coming at just the right time in our evolution, and they share our vision and ambition to accelerate our growth as the innovation leader in premium, artisanal desserts,” said Dessert Holdings chief executive officer Paul Lapadat in a recent release. “We want to thank Gryphon Investors for its support over the last five years and look forward to partnering with our new owners to expand our organization and support the next stage of growth.”
Dessert Holdings’ brands are sold to more than 250 retail and foodservice customers in the US, Canada, Mexico, the Caribbean, South America, and Asia. The company’s current management team will remain in place following the transition to the new ownership.
“Paul and his team have done an exceptional job in building Dessert Holdings as the leading premium desserts platform in a category that continues to grow as consumers increasingly choose to treat themselves to desserts with high quality, clean label ingredients,” said Adam Nebesar, a managing director at Bain Capital Private Equity, in a statement. “We are thrilled to partner with this experienced team and look forward to supporting Dessert Holdings as it develops new and innovative products, pursues organic growth and acquisition opportunities, and further strengthens its value proposition to existing and new customers.”
The sale is projected to reach a conclusion in the second quarter of 2021 pending the completion of regulatory approvals and other closing conditions.
About the Author(s)
You May Also Like
Institution of Chemical Engineers Announces 2024 Award WinnersMar 5, 2024|2 Min Read
USDA Recalls: February 2024Mar 1, 2024|4 Min Read
EPA Protects At-Risk Communities Near Chemical PlantsMar 1, 2024|1 Min Read
Three Chemours Top Execs Placed on LeaveMar 1, 2024|1 Min Read