PICO RIVERA, CA — Clearlake Capital Group announced today that it has signed an agreement to acquire BakeMark USA from Pamplona Capital Management. Financial terms of the transaction were not disclosed.
With more than 100 years of service to the baking industry, BakeMark is recognized as a category leader with quality products, quick delivery and strong R&D capabilities. Operating as a critical link between diversified bases of suppliers and customers, the company serves roughly 1,200 suppliers and 19,000 customers across the US and Canada. Substantially covering all channels in the bakery industry, BakeMark serves retail bakery, in-store bakery, wholesale bakery, foodservice operators and beyond. Its diverse base of customers includes both street accounts, such as local independent bakeries, and national accounts such as coffeehouse and donut chains.
“Today marks an exciting new chapter in BakeMark’s history,” said Jim Parker, CEO, BakeMark. “Since acquiring the business in 2017, Pamplona has been a trusted and supportive partner, helping to guide BakeMark’s management team through a successful period of sustained growth. Clearlake’s operational insights and experience in the food and beverage sector will accelerate that growth and support our commitment to deliver the best quality products and services for our customers.”
"We are thrilled to partner with BakeMark and support the company in its next stage of accelerated growth," said José E. Feliciano, co-founder and managing partner, and Arta Tabaee, managing director, Clearlake.
With a complete line of bakery mixes, fillings and icings, and other baking ingredients and products, BakeMark offers both resale ingredients and self-manufactured products through its exclusive brands, which include Westco, Trigal Dorado, Best Brands, BakeSense, BakeQwik, C’est Vivant and Sprinkelina. Its comprehensive line of products enables BakeMark to serve as a one-stop shop for its customers. Headquartered in Pico Rivera, CA, BakeMark has approximately 1,000 employees and operates five manufacturing sites and 29 distribution centers across North America.
“We are thrilled to partner with BakeMark and support the company in its next stage of accelerated growth,” said José E. Feliciano, co-founder and managing partner, and Arta Tabaee, managing director, Clearlake. “The BakeMark investment is a natural extension of Clearlake’s deep experience investing in both the food and beverage and distribution and logistics ecosystems. We believe long-term market tailwinds — including increased focus on supply chain simplification and growing demand for ethnic and specialty bakery products — offer a unique opportunity to invest behind a category leader like BakeMark. We are eager to support the management team and bring together all of Clearlake’s available resources to drive value creation, accelerate organic growth and create an industry consolidation platform.”