The Glenn Wayne Wholesale Bakery was acquired by private equity firm Tide Rock in a purely U.S. transaction.
Tide Rock said it would explore expansion plans for the family-owned and operated full-line bakery products manufacturer based in Bohemia, New York.
The financial terms of the transaction were not disclosed.
Founded in 1990, Glenn Wayne produces baked goods including donuts, muffins, danishes, cookies and brownies at its 3,700 square meter facility in Bohemia.
Glenn Wayne, a provider of branded and private label products, recently expanded its portfolio to include a line of gluten-free fresh baked goods.
Glenn Alessi, one of the founders of Glenn Wayne, said: “Since our humble beginnings in a 1000 square foot building, we have always prioritized innovation and quality. Over the years, we have invested heavily in building a strong business with high quality products, operationally efficient processes and well-managed facilities.
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“Today, we are proud of our automated production processes, inventory management and ordering systems, as well as our clean facilities and warehouses and our incredible employees. We look forward to working with Tide Rock to continue that legacy and grow even more.”
Brooks Kincaid, president of California and New York-based Tide Rock, said, “We are excited to add Glenn Wayne Bakery to Tide Rock’s portfolio and help this successful company reach the next phase of growth.
“Glenn Wayne has tremendous opportunities to expand its customer base and explore additional expansion opportunities. The baked goods market has proven to be one of the most resilient categories within the food industry, and the newly obtained gluten-free certification opens up several new markets.”
