Glenn Wayne Wholesale Bakery has been acquired by private-equity firm Tide Rock in an all-US transaction.
Tide Rock intends to implement strategic expansion plans for the family-owned full-line bakery manufacturer located in Bohemia, New York State. This acquisition highlights the growing interest in the food and beverage industry trends.
Details surrounding the financial terms of the deal remain undisclosed
Founded in 1990, Glenn Wayne specializes in producing a variety of baked goods, including donuts, muffins, Danish pastries, cookies, and brownies, from its spacious 40,000 square-foot facility in Bohemia.Recently, the bakery also expanded its portfolio by introducing a new range of gluten-free fresh baked goods, aligning with current food and drink consumer trends.
Glenn Alessi, one of the founders of Glenn Wayne, stated, “From our humble beginnings in a 1,000 square-foot building, we have always prioritized innovation and quality. Over the years, we’ve invested heavily in building a strong business with high-quality products, operationally efficient processes, and well-run facilities.”
“Today, we are proud of our automated production processes, inventory management and ordering systems, as well as our clean facilities and warehouse and our incredible employees. We look forward to working with Tide Rock to continue this legacy and achieve greater growth.”
Brooks Kincaid, president of California- and New York-based Tide Rock, expressed excitement, saying, “We are thrilled to welcome Glenn Wayne Bakery into the Tide Rock portfolio and are eager to assist this successful company in reaching its next growth phase.”
Tide Rock sees significant potential for Glenn Wayne to expand its customer base and leverage new opportunities. “The bakery market has demonstrated remarkable resilience within the food industry. Furthermore, their newly acquired gluten-free certification opens doors to several new markets,” Kincaid noted.
