CHICAGO — Entrepreneurial Equity Partners (e2p) announced the acquisition of Roskam Baking Co. and has merged the company with one of e2p’s portfolio companies, Organic Milling.
“We are excited to partner with the incumbent management team, who will play a critical role in helping to drive the next phase of growth at Roskam,” said Kevin Henneck, e2p VP. “This is the first acquisition of a Roskam business where we’ll be inheriting the entire team, which is exciting given their track record of growth. We have been very impressed with their work ethic and dedication and look forward to helping them build on their recent successes.”
The Grand Rapids, MI-based brand is a leading contract manufacturer with a scaled, diversified bakery operation that spans six facilities and more than 30 manufacturing and packaging lines. The company is also recognized as a leader in food safety operating and having the ability to produce a wide array of frozen, refrigerated and shelf-stable food products.
Mark Burgett, managing partner at e2p, previously worked with the Roskam family in the acquisition of two businesses including assets critical to Hearthside Food Solutions.
“In this case, we are fortunate to be acquiring the entire balance of the business and intend to maintain the Roskam name, which has an iconic reputation in the industry,” Burgett said. “The platform is scaled and well-diversified, with over $600 million in sales. Additionally, we simultaneously merged Roskam with our existing portfolio company Organic Milling, which has for over 60 years been a leading contract manufacturer of better-for-you granola, snacks and ingredients for leading brands in the category.”
The positive experience and trust between Burgett and the Roskam family developed since those sales, and Robert “Bob” Roskam proactively reached out to initiate the sale of his family business.
“I sought out Mark and the e2p team for a third time because of their deep expertise in contract manufacturing and the reliability they’ve shown as a partner to employees, customers and the Grand Rapids community,” Roskam said. “For the past 100 years, my family has grown Roskam into a food manufacturing company with an industry-leading reputation for quality and reliability. I am confident e2p is the best partner to carry on our culture of excellence and long legacy of unmatched customer satisfaction. In many cases, our customers have entrusted Roskam’s adept management and special capabilities to meet their unique needs for multiple generations, and I believe e2p is worthy of that trust.”
