Encore Consumer Capital, a US-based private-equity firm specializing in the consumer products industry, has recently acquired Chalet Desserts, a local frozen desserts and baked-goods business. The management team, led by CEO Dave Laukat, will remain intact under the new ownership. Laukat expressed excitement about the partnership with Encore and looks forward to the next phase of growth.
Kate Wallman, managing director of Encore, emphasized that Chalet is a “category leader” and outlined plans to support its growth through various initiatives such as add-on acquisitions, organic growth strategies, and investments in capacity. Based in Sacramento, California, Chalet distributes its frozen bakery desserts and baked goods to in-store bakeries, supermarkets, convenience stores, foodservice, and ingredients end-markets. The company’s portfolio includes popular items like flavored cake pops, ice cream-based goods, cheesecake, and brownie pieces, making it one of the largest manufacturers of cake pops in the United States.
Encore Consumer Capital has a track record of success in the industry, having raised over $900m in committed capital and invested in more than 40 companies. The firm focuses on businesses with annual revenues ranging from $10m to $150m, leveraging its expertise in strategy development, brand marketing, manufacturing, and distribution expansion to drive performance. Target areas for investment include food and beverage, pet products, personal care, and beauty.
In recent transactions, Encore divested its stake in Banneton, a New Jersey-based bakery, to Vandemoortele, a Belgium-based baker specializing in croissants and pastry products. Additionally, the firm sold MBC Companies, another baked goods group, to Entrepreneurial Equity Partners. These strategic moves reflect Encore’s commitment to identifying opportunities for growth and value creation within the food and drink industry.
