MINNEAPOLIS — Rise Baking Co., a provider of premium cookies, cakes, brownies, muffins, dessert bars and more, has acquired two pie facilities from Wonder Brands Holdings Inc. and FGF Brands USA Inc. (Pies).
“We are excited to continue to support the Rise Baking team,” said Mike Horgan, partner at Olympus. “The Pies acquisition continues Rise’s strategy of expanding their product offering into complementary categories to the benefit of Rise’s customers. The Rise team has developed an unparalleled organization through both organic growth and strategic acquisitions with a proven ability to effectively integrate and grow newly acquired businesses.”
“Expanding into the pie category continues to broaden our portfolio, giving Rise a greater presence in the bakery market and enabling us to provide even greater service across all major categories to drive growth and strengthen key customer relationships.” — Brian Zellmer | CEO | Rise Baking Co.
Pies is a leading, scaled and full-line pies platform that services the retail channel across North America with two facilities in Kent, WA, and Brampton, Ontario.
Between Pies and Rise, a portfolio company of Olympus Partners, the combined business will have 18 facilities across the US and Canada.
“Rise prides itself on a culture of customer focus, teamwork, and innovation,” said Brian Zellmer, CEO of Rise Baking Co. “Expanding into the pie category continues to broaden our portfolio, giving Rise a greater presence in the bakery market and enabling us to provide even greater service across all major categories to drive growth and strengthen key customer relationships.”
