Gryphon Investors adds to North America desserts interests

Gryphon Investors adds to North America desserts interests

US firm Atlanta Cheesecake Co. has become Gryphon Investors' latest acquisition in the North American desserts market.

Gryphon Investors said Georgia-based, family-owned Atlanta Cheesecake would join Canadian frozen dessert maker The Original Cakerie - bought in 2015 - and Texas-based firm Lawler Foods - snapped up in 2016 - in the private-equity firm's Dessert Holdings unit.

The buyout house said Atlanta Cheesecake's management team would remain in place and the company will keep its manufacturing facility in Kennesaw.

Dennis O'Brien, a partner at Gryphon, said: "Dessert Holdings is continuing to pursue a strategy of both organic growth and acquisitions, and ACC represents a strong strategic fit for our premium desserts platform. With the cheesecake category growing at approximately 4% annually, driven by premium products, ACC will help Dessert Holdings establish a critical position in this fragmented but exciting market segment."

Meg Sapp, the president of Atlanta Cheesecake, which makes frozen cheesecakes on sale in retail stores in North America, said "as a family-owned business, it is so important to us that we have the respect of our customers and our community".

Sapp added: "We are confident that the team at Dessert Holdings shares our values and our commitment to delivering innovative desserts of the highest quality, and we look forward to a partnership that will bring Atlanta Cheesecake Company products to even more people."

Financial details were not disclosed.