C.H. Guenther & Son LLC, branded and
private-label food products manufacturer, bought Baldinger and Sons bakeries, North
American specialty bakers with operations in the midwestern US and Canada. The
transaction expands CHG’s bakery manufacturing capacity and strengthens its
foothold into premium QSR. Terms of the transaction were not disclosed.
Baldinger-Sons manufactures hamburger buns,
rolls, bagels and other specialty bakery items for multinational QSR brands. The
business founded in 1888 has been family-owned for four generations. The acquisition
extends CHG’s manufacturing capabilities with Baldinger’s newly renovated production
facility in Minnesota and Sons’ Canadian facilities. The Baldinger-Sons
management team will continue with the business post-transaction.
“I am very pleased to welcome the Baldinger
and Sons bakeries to the CHG family,” said John Buckles, President and CEO of
CHG. “The company’s highly sophisticated manufacturing facilities and
longstanding partnerships with blue-chip QSR customers are a great fit as we
grow our combined company. I am confident the addition of Baldinger-Sons’
talented team will strengthen CHG’s leadership position in our markets and
enhance our product offering for our customers.”
“We have long been impressed with the
Baldinger-Sons team’s dedication to product quality and manufacturing
excellence,” said Dale Tremblay, CHG Chairman. “This combination, guided by the
legacies and values of two family businesses, will provide our company with
exciting growth and expansion opportunities.”
Steve Baldinger, CEO of Baldinger-Sons,
added, “It was very important for us to find a partner who shares our values
and vision for the future while providing the strength and stability to help
propel our organization for years to come. I believe we have found that partner
with C.H. Guenther & Son. Both Baldinger-Sons and CHG are rooted in
entrepreneurial, innovative businesses. I am excited to work with Dale, John
and their team to create an even brighter future for our newly combined
organization.”
C.H. Guenther & Son is owned by
Pritzker Private Capital (“PPC”) along with management and co-investors.
Including this acquisition, CHG now has more than 3,700 employees in 27 food
manufacturing locations in the United States, Canada and Western Europe, and in
its corporate office in San Antonio, Texas.