Kilmer Van Nostrand Co Ltd, a Canadian investment holding company affiliated with mid-market private equity firm Kilmer Capital Partners, has bought English Bay Batter Inc, a bakery company producing premium gourmet cookies and frozen and refrigerated dough. The value of the acquisition was not disclosed. Founded in 1983, the Vancouver-based English Bay is an established wholesale bakery business serving the in-store bakery, grocery, restaurant and food service channels across North America. The company said the partnership with Kilmer will help it execute its strategic plan to become a much larger North American bakery business.
Kilmer Van Nostrand Acquires English Bay Batter Inc.
TORONTO, Sept. 25, 2014 /CNW/ – Kilmer Van Nostrand Co. Limited (“KVN” or “Kilmer”), has acquired English Bay Batter Inc., a North American market leading bakery company producing premium gourmet cookies and frozen and refrigerated dough.
Founded by Jack Seguin three decades ago as a store front bakery in Vancouver, English Bay is now a well-established wholesale bakery business serving the in-store bakery, grocery, restaurant and food service channels across North America. “Over the course of the past 30 years, English Bay has created an outstanding portfolio of high quality bakery products ranging from cookies, to cookie dough, to crescent rolls and biscuits to pizza dough, pie crusts and muffins,” said Anthony Sigel, of Kilmer. “We look forward to working with a superb management team to continue to build English Bay into a much larger North American bakery business.”
“We are truly delighted to have KVN as our partner. We look forward to working with the team at Kilmer to execute our strategic plan and continue to grow the business. All of our employees and customers will benefit from this new long term relationship”, said David Foster, President of English Bay.
Ravenna Capital, led by Robert Molyneux, played an important role in identifying the opportunity and assisting KVN throughout the acquisition process. Kilmer will be joined on the Board of English Bay by the company’s founder, Jack Seguin and by international food industry veteran, Martin Jamieson, former President of The Pillsbury Company in Canada and the UK and former head of Loblaw Brands.
About English Bay Batter
English Bay, founded in 1983, is a provider of premium cookies and other sweet baked goods throughout North America. Named after a beautiful beach in the heart of downtown Vancouver, English Bay now operates out of five facilities in Vancouver, and Toronto, Canada and Columbus, Ohio. English Bay’s products are sold to grocery store chains, restaurant chains, club store chains, convenience store chains and foodservice operators, using the same recipes developed at the company’s inception. For more information, visit www.englishbaycookies.com.
About Kilmer Van Nostrand
KVN is the investment holding company of Toronto businessman Larry Tanenbaum. Kilmer has enjoyed numerous successful investments in a variety of industries including the food industry. For several years the KVN’s private equity division was the controlling shareholder of Give and Go Prepared Foods, a hugely successful Ontario-based bakery company famous for its ‘two bite brownie’.
SOURCE Kilmer Capital Partners Limited
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