Sweetmore Bakeries, based in the US, has successfully acquired Azteca Bakeries, a prominent wholesale producer of Mexican pastries and baked goods located in Phoenix, Arizona.
Founded in 1954, Azteca specializes in manufacturing frozen, ready-to-bake pan dulce (sweet bread), which includes a variety of pastries, cookies, breads, and muffins.
Felix Lopez, founder of Azteca Bakeries, highlighted the acquisition, stating: “The Sweetmore organisation focuses on very high quality and customer satisfaction, which supports the vision the Lopez family and the Azteca team have created.”
The financial terms of the agreement were not disclosed by either company.
David Veenstra, CEO of Sweetmore Bakeries, expressed enthusiasm about the acquisition: “Azteca’s high level of quality and service are a great match for our business, and we are thrilled to add them to our team. Azteca’s differentiated assortment complements our portfolio with high-growth categories that are highly sought by our customers.”
Azteca represents Sweetmore Bakeries’ fifth acquisition, joining the ranks of Main Street Gourmet, Biscotti Brothers, Meurer Brothers, and Sweet Eddie’s.
The foundation for Sweetmore Bakeries was established in 2019 when private equity firm Shore Capital Partners acquired Main Street Gourmet, a custom wholesale bakery based in Akron, Ohio.
In 2020, Main Street Gourmet expanded by acquiring Biscotti Brothers, a bakery located in Greensburg, Pennsylvania.
The subsequent year, Main Street Gourmet further strengthened its portfolio by purchasing Wisconsin’s Meurer Brothers Bakery.
In 2022, the brands of Main Street Gourmet, Biscotti Brothers, and Meurer Brothers Bakery unified under the new branding of Sweetmore Bakeries.
Most recently, Sweetmore Bakeries acquired Sweet Eddie’s, a wholesale cinnamon rolls manufacturer based in Georgia.
With nearly 500 employees across five facilities in the United States, Sweetmore Bakeries continues to grow its influence in the food manufacturing sector.
