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May 29, 2002

USA: Bake-Line Group makes third acquisition with Turnbull Bakeries

Oak Brook, Illinois-based Bake-Line Group, a supplier of private label cookies and crackers, has purchased Turnbull Bakeries, a private label manufacturer of other cookie items, for an undisclosed price. David Shanholtz, President and CEO, said, "The acquisition of Turnbull Bakeries is part of our overall strategy of becoming the industry-leading supplier of private label cookies and crackers. Turnbull represents a niche product line extension of sugar wafers and private label cones, as well as key outsourcing relationships."

Oak Brook, Illinois-based Bake-Line Group, a supplier of private label cookies and crackers, has purchased Turnbull Bakeries, a private label manufacturer of other cookie items, for an undisclosed price.

David Shanholtz, President and CEO, said, “The acquisition of Turnbull Bakeries is part of our overall strategy of becoming the industry-leading supplier of private label cookies and crackers. Turnbull represents a niche product line extension of sugar wafers and private label cones, as well as key outsourcing relationships.”

Chattanooga, Tennessee-based Turnbull has two Chattanooga facilities with combined employment of about 300.

Jim Spear, executive VP, CFO and GM, added: “We will continue to pursue our growth strategy by adding other niche private label products.”

Wayne Turnbull, owner of Turnbull, said: “This should be a good business fit and a combination that benefits both customers and employees.”

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img

What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
  • Macroeconomic and demographic environment
  • Consumer context
  • Industry environment
  • Competitive environment
  • Route to market
Interested to learn more about what to include in your IPO Industry Assessment report? Download our free whitepaper.
by GlobalData
Enter your details here to receive your free Report.

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