6/12/2023 0 Comments Wrise bakingJim Conroy, managing partner at Olympus said: “We are thrilled to back this team as they continue to grow their existing business and pursue transformational acquisitions. Rise is a well-invested and highly attractive business in the bakery sector. Mike Horgan, a Partner at Olympus added: “The Rise management team has built a remarkable business that has led to impressive growth across all of their products and customers. Wrise® will not react until exposed to oven heat during the baking process. Olympus is the right partner to help Rise continue to grow in the coming years.” “We have found another great partner who fully supports our team, our employees and our future plans. Mike Schultz, CEO of Rise Baking Company said: “The entire team is excited to partner with Olympus to continue growing Rise Baking into a North American bakery leader. It was acquired by Olympus Partners from fellow private-equity firm Arbor. Headquartered in Minnesota, Rise operates six manufacturing facilities in North America, employing over 1,000 people. Rise Baking, headquartered in Minneapolis, focuses on foods including cookies, decorated cakes and dessert bars. Rise manufacturers products such as premium cookies, dessert bars, artisan breads, and flatbreads to foodservice customers and retailers throughout the North American market. Rise emerged as the clear and obvious buyer throughout the process, and I believe this is an ideal home for Brill Inc.Private equity firm Olympus Partners has acquired bakery product manufacturer Rise Baking Company from Arbor Investments for an undisclosed sum. “The management team at Brill has done a fantastic job optimizing the business over recent years, preparing the company for the future, making this a good moment to seek new ownership. to Rise Baking Co.,” says Marianne Kirkegaard, president and global CEO of Baker & Baker Group Ltd. “We’re extremely pleased to have agreed to the strategic sale of our North American business Brill Inc. As a stand-alone business under Rhône’s ownership, Baker & Baker Group has expanded and strengthened its presence in North America and Europe, as well as entered the China and the Middle East markets, helping to grow the business organically in a fragmented industry. by Baker & Baker Group (formerly CSM Bakery Solutions) represents the latest in a series of strategic transactions by the company. Last year, Rise Baking acquired the North American frozen manufacturing business of Dawn Foods, including Dawn’s North America frozen plants in York, Pa. The acquisition marks Rise Baking’s second significant transaction in less than 18 months. And our people-first culture will embrace and welcome the great people of Brill.” Brill’s commitment to customer care fits hand in glove with Rise’s relentless customer focus. Hayden adds, “This strategic move will not only strengthen Rise Baking Co., but it will continue the great legacy of the Brill name and its employees. We look forward to welcoming our new teammates to Rise Baking Co., together delivering the highest level of service to all of our customers.” “Brill is a perfect fit as we look to bring additional products and innovation to the marketplace. “Rise prides itself on a culture of customer focus, teamwork, and innovation,” Schultz says. Rise Baking is led by Mike Schultz, CEO, and Kent Hayden, president. Industries Food and Beverage Manufacturing Company size 1,001-5,000 employees Headquarters MINNEAPOLIS, Minnesota Type Privately Held Founded 2013 Specialties. from Baker & Baker Group Ltd., a portfolio company of Rhône. specializes in the production of premium cookies, decorated cakes, dessert bars, muffins, brownies, artisan breads and flatbreads for in-store bakery, foodservice and convenience channels in North America. has reached an agreement to acquire Brill Inc.
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