J. Skinner Baking, a company specializing in artisan baked goods including danishes, muffins, cinnamon rolls, brownies, and bars, announced that it has been acquired by Stellex Capital Management – a private equity firm that invests in middle market companies in North America and Europe. The financial details of the transaction have not been disclosed.
BAKO Group Limited announced the full acquisition of James A. S. Finlay Limited (Finlay’s Foods) from Northern Ireland, on April 3, 2024. Finlay’s employs a staff of around 60 people and sells food ingredients, including specialties for bakery, across the UK, Europe and Asia.
The German subsidiary of EUROGERM is taking over TELTOMALZ GmbH. Founded in 1907, TELTOMALZ produces malt-based products, premixes and ready mixes as well as other ingredients for bakeries and pastry shops at its headquarters in Teltow, near Berlin.
FDL, with USD 120 million in projected 2023 sales, offers significant innovation capabilities along with a strong presence in the USD 900 billion European foodservice channel. ADM intends to complete the transaction by end of January 2024.