Food and Beverage Business

Investor-Backed Rise Baking Acquires Two Pie-Making Plants

Investor-Backed Rise Baking Acquires Two Pie-Making Plants Bakery and Cereal Food and Beverage Business

Rise Baking, a US-based company in the food and beverage industry, has acquired two pie-making facilities from Wonder Brands, a Canada-based bakery, for an undisclosed fee. The acquired sites are part of a full-line pies platform called Pies, offering products in the retail channel across North America. With this acquisition, Rise Baking will now own a total of 18 facilities in the US and Canada.

The move into the pie category is part of Rise Baking’s strategy to expand its product portfolio and strengthen its position in the bakery market. The company aims to provide greater service across all major categories to drive growth and enhance key customer relationships.

According to Rise Baking’s CEO, Brian Zellmer, “Expanding into the pie category continues to broaden our portfolio, giving Rise a greater presence in the bakery market and enabling us to provide even greater service across all major categories to drive growth and strengthen key customer relationships.”

Rise Baking, which is owned by private-equity house Olympus Partners, has been actively pursuing strategic acquisitions to expand its business. The company previously acquired Brill and the frozen bakery division of ingredients supplier Dawn Foods.

Mike Horgan, partner at Olympus, expressed excitement about the “Pies” acquisition, stating that it aligns with Rise Baking’s strategy of expanding its product offering into complementary categories for the benefit of its customers. He also highlighted Rise Baking’s proven ability to effectively integrate and grow newly acquired businesses.

The acquisition of the pie-making facilities marks Rise Baking’s latest move to expand its presence in the food and beverage industry. The company continues to grow through both organic expansion and strategic acquisitions, positioning itself as a key player in the market.

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