Engelman’s Baking Co., a US-based bread and rolls maker, has recently acquired St. Armands Baking Co., a local peer, in a strategic move to expand its manufacturing and customer footprint. This undisclosed acquisition, backed by Florida-based private-equity firm Shoreline Equity Partners, aims to enhance Engelman’s channel diversification and product portfolio.
Based in Bradenton, Florida, St. Armands has been servicing retail and foodservice customers nationwide since its establishment in 1981. Offering a range of buns, rolls, and organic bread products, St. Armands has built a strong reputation in the industry.
Expressing excitement about the partnership, Rob Hathy, CEO of Engelman’s, stated, “Bringing together the exceptional talent and culture that both companies share will allow us to have a broader product portfolio and better service our customers.” Engelman’s, founded in 1982 and located in Norcross, Georgia, has evolved into a 100% wholesale business, specializing in artisan bread and rolls such as European and hearth breads, Kaiser rolls, and speciality dinner rolls.
Bernard Vroom, owner of St. Armands, emphasized the importance of the merger, noting that it will provide the resources and capabilities needed to accelerate growth. This move aligns with Shoreline Equity Partners’ investment strategy, which recently included an undisclosed investment in Prime Meats, a US processor and supplier to retail and foodservice.
Shoreline Equity Partners, managing more than $750 million, targets single investments in the range of $150 million and focuses on businesses with annual revenues between $50-$350 million and EBITDA of $5-$25 million. This strategic approach aims to drive growth and success in the food and beverage industry.
In conclusion, the acquisition of St. Armands Baking Co. by Engelman’s Baking Co. signifies a significant milestone in the expansion and diversification of both companies. This strategic partnership, supported by Shoreline Equity Partners, sets the stage for accelerated growth and innovation in the food and drink business.
