Ellison Bakery has its second private-equity owner in three years after Blackford Capital sold the US baked-goods supplier to Tilia Holdings.
Blackford Capital, which acquired Ellison in 2017, said the business had grown under its ownership, without providing details.
“Since our initial investment, our team has been honoured to partner with the Ellis family, Ellison Bakery’s management team, and our esteemed group of co-investors to successfully grow and refine the company’s business model,” Jeff Johnson, managing director of Blackford, said. “The investments we made to expand its capabilities should position the company to accelerate and achieve its next phase of expansion. We have high confidence in the established leadership’s ability to realise their numerous growth initiatives.”
The terms of the deal were not disclosed. Tilia’s portfolio includes Proven Partners Group, a contract packaging business based in Illinois focused on dry goods and powder products.
Based in Fort Wayne in Indiana, private-label manufacturer Ellison manufactures products including biscuits and snack bars sold through the retail and foodservice channels. It also sells baked ingredients to manufacturers.