Private-equity backed Rise Baking Company has acquired fellow US business Table Talk Pies.
The deal gives Minneapolis, Minnesota-based Rise Baking access to an additional three manufacturing facilities, taking the group’s total to 20 across the US and Canada.
Family-owned Table Talk Pies in Worcester, Massachusetts, produces freshly made snack and dessert pies supplied across the US, as well as exported to Canada, Mexico and Puerto Rico. The business was set up in 1924.
Backed by private-equity investor Olympus Partners since 2018, Rise Baking did not reveal the price it has paid for the peer business, which employs more than 300 staff.
Isaac Long, the president of Table Talk Pies, said in a statement: “Rise’s commitment to innovation and uncompromising quality aligns perfectly with Table Talk’s values, making this a win-win opportunity that sets Table Talk up for success going forward.
“We’re excited to bring our century of experience and expertise in the pie industry to the Rise platform, joining its trusted brands in delivering exceptional quality and continued growth.”
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By GlobalDataRise Baking supplies in-store bakeries, retail and the out-of-home channel with products ranging from cookies, cakes, pies and muffins to dessert bars and breads.
Its brands include Brill, South Coast Baking, the Best Maid Cookie Company, Henry & Henry, New French Bakery, Bakestone Brothers and Karp’s.
Brill was snapped up in 2021 from another private-equity firm, Rhône. In 2020, Rise Baking also acquired the frozen bakery division of ingredients supplier Dawn Foods.
More recently, in December last year, Rise Baking added to its pie-making capabilities with the purchase of two plants from Wonder Brands located in Washington state in the US and in Ontario, Canada.
CEO Brian Zellmer said: “As our second pie acquisition, we’re eager to grow our slice of the pie industry, unlocking new possibilities while preserving the valued heritage of the Table Talk brand.
“We’re excited to welcome Table Talk and its employees to the Rise team.”
