Glenn Wayne Wholesale Bakery has been acquired by private-equity firm Tide Rock in an all-US deal.
Tide Rock said it plans to explore expansion plans for the family-owned and operated full-line bakery manufacturer, based in Bohemia, New York State.
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The financial terms of the deal were not disclosed.
Glenn Wayne, founded in 1990, produces baked goods, including doughnuts, muffins, Danish pastries, cookies and brownies, from its 40,000 square-foot manufacturing facility in Bohemia.
Recently, Glenn Wayne, which supplies both branded and private-label products, added a line of gluten-free fresh baked goods to its portfolio.
Glenn Alessi, one of the founders of Glenn Wayne, said: “From our humble beginnings in a 1,000 square-foot building, we have always prioritised 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.
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By GlobalData“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, said: “We are excited to add Glenn Wayne Bakery to the Tide Rock portfolio and help this successful company reach the next stage of growth.
“Glenn Wayne has tremendous opportunity to broaden its customer base and explore additional opportunities for expansion. The bakery market has proven to be one of the most resilient categories within the food industry, and their newly obtained gluten-free certification opens several new markets.”
