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2020-03-06 foodprocessing-technology
US-based private equity firm Shoreline Equity Partners has brokered a deal to acquire fresh and frozen bread producer Engelman Baking.
Headquartered in Norcross, Georgia, Engelman’s product profile includes artisanal bread and rolls, such as European, Kaiser, hearth and twisted egg. It also offers speciality dinner rolls and hamburger and hot dog buns.
The company operates a 50,000ft² bakery with more than 100 employees and serves restaurants and entertainment venues in the greater Atlanta Area. It distributes its goods to over 1,000 customers in the foodservice industry, both locally and across the US.
Engelman Baking founder and CEO Sammy Engelman said: “For nearly 40 years, we have remained committed to building a best-in-class bakery delivering high-quality products and service to our customers.
“We are very excited to partner with Shoreline to execute on our growth strategy while remaining committed to delivering world-class service to our customers.
“Our partnership with Shoreline will give us the resources to take the next step at Engelman’s and to further expand our reach both locally and regionally.”
Engleman will continue to lead the company and maintain significant ownership following the acquisition.
Shoreline managing partner Mike Hand said: “With a 200-year legacy in the bakery space, Sammy has built an extraordinary business alongside the rest of the management team at Engelman’s.
“The company’s product quality and service to their customers is second to none and we are grateful for the opportunity to partner with Engelman’s to continue to capture the Atlanta market. as well as to expand across the Southeast region.”
Neither company has divulged any financial details.
TM Capital represented Engelman Baking for this transaction.
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