US: CH Guenther & Son acquires bread maker Tribeca Oven
US baked goods supplier CH Guenther & Son (CHG) has acquired New Jersey-based baker Tribeca Oven for an undisclosed sum.
CHG president and CEO Dale Tremblay said that Tribeca was a "highly successful" artisan bread business. "We strongly believe that with CHG resources and depth, coupled with the strengths of Tribeca, we can accelerate the already strong growth and expansion of the business," he added.
The deal brings CGH's production facility count to 10 in the US, three in Canada and three in Europe, the company revealed.
SAN ANTONIO, May 2, 2014 /PRNewswire/ -- C.H. Guenther & Son, Inc. (CHG) announces its acquisition of Tribeca Oven, Inc. (Tribeca), a New Jersey-based manufacturer and marketer of premium quality artisan breads and rolls.
Dale W. Tremblay, President & CEO of CHG expressed his delight in bringing the Tribeca Oven business into the Guenther family of businesses. "Peter Lobel, the Tribeca founder, and his executive team, have built a highly successful artisan bread business around quality products and an engaged and committed workforce. We strongly believe that with CHG resources and depth, coupled with the strengths of Tribeca, we can accelerate the already strong growth and expansion of the business."
Lobel founded Tribeca in New York City in 1988 as a fresh bread bakery. In 2005 Tribeca transitioned from a fresh bakery to frozen parbaked, and Peter brought in two executives to help build and expand the business - Marc Essenfeld (CEO) and George Erasmus (EVP of Innovation). After spending several years fine tuning the business model and creating new opportunities for the company, the Executive team designed and implemented in 2011 a new state of the art production line to drive continued company growth and innovation. Peter will remain as consultant to Dale Tremblay while spending more time in his native Zimbabwe. Marc and George will continue in their executive leadership roles with Tribeca.
"I am thrilled to see this great company be merged into C.H. Guenther & Son. They have an incredible legacy of more than 163 years of private ownership, employee commitment, exceptional growth and premium quality standards. I am pleased to help Dale over the next year, and am excited to see Marc, George and the combined Tribeca and CHG teams take this business to the next level," Lobel remarked. Details of the transaction were not disclosed. San Antonio, Texas headquartered C.H. Guenther & Son was founded in Texas in 1851 by German immigrant Carl Hilmar Guenther. The company produces a variety of branded and customer food products for retail and foodservice customers and consumers. With this acquisition, Guenther will have ten production facilities in the U.S., three in Canada, and three in Europe (U.K. and Belgium).
Original source: CH Guenther & Son
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