Gatehouse Ventures has acquired Brooklyn, N.Y.-based Sunrise Bakery for an undisclosed amount. The firm previously acquired Delawre-based Amalfitano’s Italian Bakery baked goods distribution company The Total Bakery Source.
Gatehouse Ventures, LP today announced the addition of Sunrise Bakery of Brooklyn, NY to the Bakery division of Gatehouse Holdings, LLC. Gatehouse Holdings currently owns D’Ambrosio Bakery of Philadelphia which includes Amalfitano’s Italian Bakery of New Castle, Delaware and The Total Bakery Source, a baked goods distribution company.
Gatehouse has united the baking expertise of Sunrise Bakery with the growing presence of Gatehouse Ventures in the baking industry throughout the east coast. The new competitive advantages include a depth of product offering (over 400 varieties of baked goods), over 100 years of combined operational experience in the baking industry, and an expansion across the Mid-Atlantic region.
Commenting on the new combination, Frank LaFerlita Jr., president of Sunrise Bakery, said, “We will continue the time-honored traditions of providing our loyal Sunrise customers with the highest quality baked products and customer service. We have joined the operational expertise of Sunrise with the deep financial experience of Gatehouse. Together, we can achieve the economic efficiencies and distribution power to offer our products to a new customer base beyond our current reach.”
The expanded Gatehouse Bakery division will significantly strengthen Gatehouse Ventures’ position in the baked goods distribution industry by adding two bakery depots, located in New York metro and Stroudsburg, PA, to its current depot locations in Philadelphia and New Castle, DE. “The combination of a greater depth of product, increased manufacturing capability and a significantly larger geographic reach positions us as the vendor of choice for a very broad customer base. We can effectively provide over 400 baked products to independent distributors, as well as the largest institutional food service providers, in a 5-state region along the east coast,” says Chris Jansen, managing director of Gatehouse Ventures. “As a next step in furthering our presence in the baked goods distribution market, we will continue to add new bakery depots and we are considering other growth strategies in distribution as well.”
About Sunrise Bakery
Sunrise Bakery, located in Brooklyn, NY, produces over 400 varieties of breads and rolls and private label breads and frozen bread products for stores, super markets, delis, restaurants, schools, hospitals, institutions, and hotels. Sunrise Bakery’s breads are renowned for their same-day freshness, superior quality and excellent taste.
To learn more about Sunrise Bakery, visit www.sunrisebakery.org
About Gatehouse Ventures
Gatehouse Ventures, LP, is the management arm of Gatehouse Holdings, LLC, a holding company that acquires and operates companies with revenues from $5-$30M. Our mission is to combine 75+ years of financial and managerial expertise with the existing management teams of our partner companies.