The California-based producer of ingredients and products for the bakeshop sector under brands like BakeSense, BakeQuik, C’est Vivant and Sprinkelina was purchased from Pamplona Capital Management for an unrevealed amount.This is the 2nd
time BakeMark has actually altered hands in four years. In 2017, Pamplona Capital Management obtained the California company from CSM Bakery Solutions. Under Pamplona, BakeMark embarked on an aggressive approach to end up being an independent system.” It has actually been an outright pleasure functioning
with Jim (Parker, CEO of BakeMark)and his group to boldy grow business into the clear market leader in the bakeshop circulation room with both organic efforts and also add-on acquisitions,”stated William Pruellage, co-managing companion at Pamplona.Natural expansion Based in Pico Rivera, BakeMark manages 5 manufacturing facilities, along with a network of 29 circulation centres across the US as well as Canada. According to José E. Feliciano, co-founder and managing companion, and Arta Tabaee, MD of Clearlake, the acquisition is a natural expansion of Clearlake’s substantial investment in the food industry. The personal equity company presently has around $ 39bn of properties under monitoring, as well as its elderly investment principals have led or co-led more than 300 financial investments, consisting of the Sensible Portions maker World Gourmet Marketing, which was marketed to Hain Celestial in 2010.” We think lasting market tailwinds, including enhanced focus on supply chain simplification and also expanding need for ethnic as well as specialized pastry shop items,
supply an unique opportunity to invest behind a classification leader like BakeMark, “stated Feliciano.